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BW Energy: Fixed Income Investor Meetings
Globenewswire· 2025-06-06 05:30
Group 1 - BW Energy has engaged Pareto Securities and Arctic Securities to arrange fixed income investor meetings for a potential new senior unsecured bond issue of USD 300 million with a five-year tenor [1] - The bond issue aims for general corporate purposes, and existing BWE01 bondholders will have the option to roll over their bonds into the new issue [1] - BW Group intends to subscribe USD 100 million in the new bond, including a rollover of USD 38.5 million from existing BWE01 bonds [2] Group 2 - CEO Carl Arnet plans to subscribe USD 2.5 million in the new bond, which includes a rollover of USD 2 million from his existing BWE01 bonds [2] - BW Energy is a growth exploration and production company focusing on proven offshore oil and gas reservoirs through low-risk phased developments [3] - The company holds significant interests in various offshore fields, including a 73.5% stake in the Dussafu Marine licence in Gabon and a 95% interest in the Maromba field in Brazil, with total net 2P+2C reserves and resources of 599 million barrels of oil equivalent at the start of 2025 [3]