Stavanger, 24 February 2025: Reference is made to the stock exchange
announcement made by Moreld AS ("Moreld", and together with its subsidiaries,
the "Group") on 24 January 2025 regarding the successful placement of a USD 130
million senior secured bond with a 5-year tenor (the "Bonds").
Moreld is pleased to announce that on 21 February 2025 the refinancing of the
Group's debt was completed, including the successful redemption in full of the
remainder of its wholly-owned subsidiary Aurora Group P.L.C.'s outstanding USD
225 million senior secured notes due 2029 by use of net proceeds from the Bonds.
For more information, please contact:
CEO Geir Austigard
Telephone: +47 992 47 500
Email: Geir.austigard@moreld.com
CFO Trond Rosnes
Telephone: +47 404 14 494
Email: Trond.rosnes@moreld.com
About Moreld
Moreld is an industrial multi-disciplinary engineering group offering full-scope
services across the offshore energy and marine industries including subsea
installations. The group comprises Moreld Apply, Ocean Installer and Global
Maritime. Moreld is a major player on the Norwegian continental shelf with an
international footprint. The Group is located in 19 countries, giving access to
all major offshore markets, and has over 2,800 employees and contractors. For
more information, please visit https://moreld.com/.
This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.