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Akastor ASA ( (AKKVF) ) just unveiled an announcement.
HMH, a 50% owned affiliate of Akastor ASA, has completed a USD 200 million senior secured bond issue with a 3-year tenor and a fixed coupon of 7.875% per annum. The proceeds will be used to settle HMH’s existing bond issue, and HMH plans to list the new bonds on Euronext ABM. This financial maneuver is expected to enhance HMH’s operational efficiency and market positioning, potentially benefiting stakeholders by reinforcing the company’s financial stability and strategic growth plans.
More about Akastor ASA
Akastor is a Norway-based oil-services investment company with a portfolio of industrial holdings and other investments, focusing on active ownership and long-term value creation. HMH, a 50% owned affiliate of Akastor, is a premier drilling solutions provider formed through the merger of Baker Hughes’ Subsea Drilling Systems business and Akastor’s subsidiary, MHWirth AS. HMH offers a range of offshore drilling equipment and aims to support the industry’s transition to energy-efficient solutions.
Average Trading Volume: 162,147
Current Market Cap: NOK2.99B
See more insights into AKKVF stock on TipRanks’ Stock Analysis page.