Reference is made to the notification sent on 11 February 2011 regarding a new contemplated bond issue in Prosafe SE. A NOK 500 million unsecured bond issue with expected maturity date on 25 February 2016 has now been successfully completed. Settlement date is expected to be 25 February 2011. The bond issue was substantially oversubscribed.
An application will be made for the bonds to be listed on the Oslo Stock Exchange as soon as practically possible. The proceeds will be used for part refinancing of PRS03 and for general corporate purposes.
In connection with the new bond issue, Prosafe SE has bought back USD 46.4 million in PRS03 with ISIN NO 001 025756.1 with maturity 9 March 2012 at par value.
ABG Sundal Collier Norge ASA and Pareto Securities AS acted as joint arrangers of the new bond issue.
Prosafe is the world's leading owner and operator of semi-submersible accommodation/service rigs. Operating profit reached USD 218.6 million in 2009. The company operates globally, employs approx. 400 people and is headquartered in Larnaca, Cyprus. Prosafe is listed on the Oslo Stock Exchange with ticker code PRS. For more information, please refer to www.prosafe.com.
Larnaca, 11 February 2011
Prosafe SE
For further information, please contact:
Karl Ronny Klungtvedt, Chief Executive Officer
Prosafe Management AS
Phone: +47 51 64 25 81 / +47 908 81 657
Sven Børre Larsen, Chief Financial Officer
Prosafe Management AS
Phone: +47 909 43 673
Cecilie Ouff, Finance and IR Manager
Prosafe AS
Phone: +47 51 64 25 20 / +47 991 09 467