Floatel International Ltd: Fixed Income Investor Meetings

03 Mar 2023 07:32 CET

Floatel International Ltd has mandated DNB Markets, a part of DNB Bank ASA, and
Pareto Securities AS to arrange a series of fixed income investor meetings
commencing 3 March 2023. A new 3-year Super Senior Bond of USD 100 million may
follow, subject to inter alia market conditions. Net proceeds from the
contemplated bond issue will be used to refinance the existing Super Senior RCF
and for general corporate purposes.

For further information, please contact:
Peter Jacobsson, CEO
Tel: +47 46 50 01 33; Mob: +47 934 00 232
Tomas Hjelmstierna,
CFO Tel: +47 46 50 01 33; Mob: +47 934 00 381


INFORMATION ABOUT FLOATEL INTERNATIONAL LTD
Floatel International Ltd was established in 2006 to satisfy market demand for a
new generation of offshore flotels. The vision of the Company is to own and
operate a modern, safe, and reliable flotel fleet. The Company has since 2021
its principal place of business in Norway.

Floatel International Group owns and operates five semisubmersible accommodation
vessels; all vessels were delivered from 2010 to 2016. Two vessels, Floatel
Endurance and Floatel Superior are approved to operate in the Norwegian sector,
and four vessels, including Floatel Endurance and Floatel Superior, are approved
for the UK sector. All vessels are equipped with a dynamic positioning system
and are built according to the latest HSE requirements providing quality and
comfort for the guests onboard. The accommodation capacity of the Floatel fleet
ranges from 440 beds to 560 beds.

All vessels are equipped with large deck areas, workshops, and crane support,
able to assist complicated offshore hook-up projects and maintenance and
modifications of existing offshore facilities.

Floatel has two bond issuances listed on Nordic ABM, Oslo Exchange, with ticker
codes FLOAT04 and FLOAT05.

For further information about Floatel International Group, please visit our
website: www.floatel.no

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