Ocean Yield: Successful placement of new hybrid capital

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Ocean Yield AS (“Ocean Yield” or the “Company”) has successfully completed a new perpetual callable hybrid bond (“Hybrid Bond”) issue of USD 75 million, carrying a coupon of SOFR + 5.35% p.a. with quarterly interest payments. The Hybrid Bond issue attracted strong interest and was well oversubscribed.

Net proceeds from the Hybrid Bond will be used for general corporate purposes. The Hybrid Bond will be accounted for as equity in the balance sheet and constitute subordinated obligations of the Company.

Arctic Securities, Danske Bank, Nordea and SEB acted as Joint Lead Managers in connection with the placement of the new bond issue. BAHR acted as legal advisor to Ocean Yield.

An application will be made for the bonds to be listed on Oslo Børs.

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.