{"success":true,"data":{"pressRelease":{"id":"23773","rtpr_id":"nPrek103Pa","ticker":"BNOR","exchange":"Oslo Børs","all_tickers":["BNOR"],"title":"BlueNord ASA: Successful Placement of USD 400 million Senior Unsecured Bond Issue and Redemption of BNOR16","author":"PR Newswire","published_at":"2026-05-06T16:13:16.014Z","article_body":"BlueNord ASA: Successful Placement of USD 400 million Senior Unsecured Bond\nIssue and Redemption of BNOR16\nPR Newswire\n\nOSLO, Norway, May 6, 2026\n\nOSLO, Norway, May 6, 2026 /PRNewswire/ -- Reference is made to the stock\nexchange notice published by BlueNord ASA (OSE: BNOR) (\"BlueNord\" or the\n\"Company\") on 4 May 2026. BlueNord is pleased to announce that it has\nsuccessfully placed a new 5-year senior unsecured bond with an initial issue\namount of USD 400 million and with maturity in 2031. The new bond will carry a\nfixed interest rate of 7.875% per annum. The bond issue attracted strong\ninterest from international and Nordic investors, was upsized to USD 400\nmillion from USD 350 million and was multiple times covered at final pricing.\n\nAn application will be made to list the bonds on the Euronext Oslo Børs. The\nnet proceeds from the bond issue will be used to refinance the Company's\nexisting BNOR16 USD 300 million senior unsecured bonds (ISIN NO 0013261735),\npartial repayment of the RBL and for general corporate purposes.\n\nSettlement is expected on or about 19 May 2026, subject to customary\nconditions precedent, and the Company will prior to such date issue a call\nnotice for full redemption of the outstanding BNOR16 bonds at the prevailing\nmake-whole call price.\n\nThe terms of the new bond is aligned with the improved financial situation of\nthe Company.\n\n\"The successful placement of BNOR18 demonstrates continued confidence in\nBlueNord's business, cash flow profile and long-term strategy. Strong demand\nthroughout the marketing process allowed us to upsize the bond and secure\nattractive pricing. The new bond terms also provides greater long-term\nflexibility to support our business as we continue to deleverage and maintain\na conservative balance sheet. This refinancing is fully aligned with our\nstrategy of proactively managing the capital structure to support long-term\nvalue creation for all stakeholders,\" said Jacqueline Lindmark Boye, Chief\nFinancial Officer of BlueNord.\n\nDNB Carnegie, a part of DNB Bank ASA, Fearnley Securities AS and Pareto\nSecurities AS acted as Joint Bookrunners in connection with the bond issue. In\naddition, ABN AMRO Bank N.V., Clarksons Securities AS, SB1 Markets AS and\nStifel Nicolaus Europe Limited acted as Co-Managers. Advokatfirmaet BAHR AS\nacted as legal advisor of the Company. Advokatfirmaet Thommessen AS acted as\nlegal advisor to the Joint Bookrunners in the transaction.\n\nThis information is subject to the disclosure requirements pursuant to Section\n5-12 of the Norwegian Securities Trading Act.\n\nContact: \nCathrine Torgersen, Chief Corporate Affairs Officer \nPhone: +47 915 28 501 \nEmail: cathrine.torgersen@bluenord.com  \n\nThis information was brought to you by Cision http://news.cision.com\n\nhttps://news.cision.com/bluenord-asa/r/bluenord-asa--successful-placement-of-usd-400-million-senior-unsecured-bond-issue-and-redemption-of-,c4345563\n\nView original\ncontent:https://www.prnewswire.co.uk/news-releases/bluenord-asa-successful-placement-of-usd-400-million-senior-unsecured-bond-issue-and-redemption-of-bnor16-302764410.html\n\n\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nPrek103Pa","title":"BlueNord ASA: Successful Placement of USD 400 million Senior Unsecured Bond Issue and Redemption of BNOR16","author":"PR Newswire","ticker":"BNOR","created":"2026-05-06T16:13:16.014Z","tickers":["BNOR"],"exchange":"Oslo Børs","article_body":"BlueNord ASA: Successful Placement of USD 400 million Senior Unsecured Bond\nIssue and Redemption of BNOR16\nPR Newswire\n\nOSLO, Norway, May 6, 2026\n\nOSLO, Norway, May 6, 2026 /PRNewswire/ -- Reference is made to the stock\nexchange notice published by BlueNord ASA (OSE: BNOR) (\"BlueNord\" or the\n\"Company\") on 4 May 2026. BlueNord is pleased to announce that it has\nsuccessfully placed a new 5-year senior unsecured bond with an initial issue\namount of USD 400 million and with maturity in 2031. The new bond will carry a\nfixed interest rate of 7.875% per annum. The bond issue attracted strong\ninterest from international and Nordic investors, was upsized to USD 400\nmillion from USD 350 million and was multiple times covered at final pricing.\n\nAn application will be made to list the bonds on the Euronext Oslo Børs. The\nnet proceeds from the bond issue will be used to refinance the Company's\nexisting BNOR16 USD 300 million senior unsecured bonds (ISIN NO 0013261735),\npartial repayment of the RBL and for general corporate purposes.\n\nSettlement is expected on or about 19 May 2026, subject to customary\nconditions precedent, and the Company will prior to such date issue a call\nnotice for full redemption of the outstanding BNOR16 bonds at the prevailing\nmake-whole call price.\n\nThe terms of the new bond is aligned with the improved financial situation of\nthe Company.\n\n\"The successful placement of BNOR18 demonstrates continued confidence in\nBlueNord's business, cash flow profile and long-term strategy. Strong demand\nthroughout the marketing process allowed us to upsize the bond and secure\nattractive pricing. The new bond terms also provides greater long-term\nflexibility to support our business as we continue to deleverage and maintain\na conservative balance sheet. This refinancing is fully aligned with our\nstrategy of proactively managing the capital structure to support long-term\nvalue creation for all stakeholders,\" said Jacqueline Lindmark Boye, Chief\nFinancial Officer of BlueNord.\n\nDNB Carnegie, a part of DNB Bank ASA, Fearnley Securities AS and Pareto\nSecurities AS acted as Joint Bookrunners in connection with the bond issue. In\naddition, ABN AMRO Bank N.V., Clarksons Securities AS, SB1 Markets AS and\nStifel Nicolaus Europe Limited acted as Co-Managers. Advokatfirmaet BAHR AS\nacted as legal advisor of the Company. Advokatfirmaet Thommessen AS acted as\nlegal advisor to the Joint Bookrunners in the transaction.\n\nThis information is subject to the disclosure requirements pursuant to Section\n5-12 of the Norwegian Securities Trading Act.\n\nContact: \nCathrine Torgersen, Chief Corporate Affairs Officer \nPhone: +47 915 28 501 \nEmail: cathrine.torgersen@bluenord.com  \n\nThis information was brought to you by Cision http://news.cision.com\n\nhttps://news.cision.com/bluenord-asa/r/bluenord-asa--successful-placement-of-usd-400-million-senior-unsecured-bond-issue-and-redemption-of-,c4345563\n\nView original\ncontent:https://www.prnewswire.co.uk/news-releases/bluenord-asa-successful-placement-of-usd-400-million-senior-unsecured-bond-issue-and-redemption-of-bnor16-302764410.html\n\n\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved."},"type":"article","timestamp":"2026-05-06T16:13:16.051064616Z","server_sent_at_ms":1778083996051},"received_at":"2026-05-06T16:13:16.104Z","source_url":"https://www.prnewswire.com/news-releases/bluenord-asa-successful-placement-of-usd-400-million-senior-unsecured-bond-issue-and-redemption-of-bnor16-302764410.html"},"analysis":{"id":"18582","press_release_id":"23773","analysis_json":{"industry":{"label":"Oil, Gas & Consumable Fuels","sector":"Energy"},"redFlags":[],"eventType":"debt_offering","narrative":"BlueNord successfully priced a upsized $400M senior unsecured bond due 2031 with a 7.875% coupon to refinance its $300M BNOR16 bonds and partial repayment of its RBL.\n\nThe issue was multiple times covered, allowing the company to increase the size from $350M to $400M and extend its debt maturity profile.\n\nManagement noted the terms align with an improved financial situation and will support continued deleveraging.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"BlueNord extends debt runway with upsized $400M bond issue at 7.875%."},"keyFigures":{"dealValueUsd":400000000,"customDimensions":{"maturity_year":2031,"refinancing_amount":300000000,"interest_rate_percent":7.875}},"quotedText":"The successful placement of BNOR18 demonstrates continued confidence in BlueNord's business, cash flow profile and long-term strategy.","namedEntities":{"people":[{"name":"Jacqueline Lindmark Boye","role":"Chief Financial Officer"},{"name":"Cathrine Torgersen","role":"Chief Corporate Affairs Officer"}],"products":["BNOR18","BNOR16"],"companies":[{"name":"BlueNord ASA","ticker":"BNOR"},{"name":"DNB Carnegie","relationship":"underwriter"},{"name":"Fearnley Securities AS","relationship":"underwriter"},{"name":"Pareto Securities AS","relationship":"underwriter"},{"name":"ABN AMRO Bank N.V.","relationship":"underwriter"},{"name":"Clarksons Securities AS","relationship":"underwriter"},{"name":"SB1 Markets AS","relationship":"underwriter"},{"name":"Stifel Nicolaus Europe Limited","relationship":"underwriter"}],"dollarAmounts":[{"amount":"USD 400 million","context":"initial issue amount of new 5-year senior unsecured bond"},{"amount":"USD 300 million","context":"outstanding BNOR16 senior unsecured bonds to be refinanced"}]},"materialImpact":{"score":3,"reasoning":"Successful refinancing upsized by $50M at 7.875% to extend maturity to 2031 and pay down existing 2016 bonds. Improves financial flexibility and extends debt profile."},"tickerRelevance":{"others":[],"primary":"BNOR"},"globalImportance":25,"audienceRelevance":15,"eventTypeSecondary":["restructuring"],"importanceComponents":{"upside":"demand_upsize","tickerTier":"small-mid-cap","eventGravity":"refinancing","sectorWeight":"energy"}},"event_type":"debt_offering","event_type_secondary":["restructuring"],"sentiment":"bullish","material_impact_score":3,"narrative":"BlueNord successfully priced a upsized $400M senior unsecured bond due 2031 with a 7.875% coupon to refinance its $300M BNOR16 bonds and partial repayment of its RBL.\n\nThe issue was multiple times covered, allowing the company to increase the size from $350M to $400M and extend its debt maturity profile.\n\nManagement noted the terms align with an improved financial situation and will support continued deleveraging.","key_figures":{"dealValueUsd":400000000,"customDimensions":{"maturity_year":2031,"refinancing_amount":300000000,"interest_rate_percent":7.875}},"named_entities":{"people":[{"name":"Jacqueline Lindmark Boye","role":"Chief Financial Officer"},{"name":"Cathrine Torgersen","role":"Chief Corporate Affairs Officer"}],"products":["BNOR18","BNOR16"],"companies":[{"name":"BlueNord ASA","ticker":"BNOR"},{"name":"DNB Carnegie","relationship":"underwriter"},{"name":"Fearnley Securities AS","relationship":"underwriter"},{"name":"Pareto Securities AS","relationship":"underwriter"},{"name":"ABN AMRO Bank N.V.","relationship":"underwriter"},{"name":"Clarksons Securities AS","relationship":"underwriter"},{"name":"SB1 Markets AS","relationship":"underwriter"},{"name":"Stifel Nicolaus Europe Limited","relationship":"underwriter"}],"dollarAmounts":[{"amount":"USD 400 million","context":"initial issue amount of new 5-year senior unsecured bond"},{"amount":"USD 300 million","context":"outstanding BNOR16 senior unsecured bonds to be refinanced"}]},"model_name":"glm-4.7","prompt_hash":"sha256:09c148ee8628234e","schema_hash":"sha256:b8ddb3f052525d1e","created_at":"2026-05-07T10:18:40.030Z","global_importance":25,"audience_relevance":15,"importance_components":{"upside":"demand_upsize","tickerTier":"small-mid-cap","eventGravity":"refinancing","sectorWeight":"energy"}},"durationMs":null,"modelName":"glm-4.7"}}