Reach Subsea ASAhas successfully completed a new 3-year senior unsecured floating rate bond issue of NOK 500 million.
The bond will carry a coupon of 3m NIBOR + 7.25%. The net proceeds from the bond issue will be used towards newbuilding investments and general corporate purposes.
Settlement is expected on 17 July 2025 and an application will be made to list the bonds on the Oslo Stock Exchange.