Pembroke Olive Downs Pty Ltd – Pricing of USD550 million bond issue

05 Feb 2025 04:29 CET

Pembroke Olive Downs Pty Ltd (ACN 611 674 376) (“Pembroke”) has today
successfully priced USD 550 million of senior secured bonds in the Nordic bond
market. The bonds will mature in February 2030 and bear interest of 11.5% per
annum. The bond issue attracted significant interest from credit investors
globally.

The company intends to use the proceeds from the bond issue towards i) the
refinancing of existing debt and ii) general corporate purposes, including the
funding of the Olive Downs Expansion.

The outstanding bond with ticker PEMBR01 and ISIN NO0011173536, with a nominal
amount of approximately USD 90.5 million, will be redeemed at the current call
price of 105% of par.

An application will be made for the bonds to be listed on the Oslo Alternative
Bond Market.

Clarksons Securities AS acted as manager in connection with the bond issue.

More information:
Access the news on Oslo Bors NewsWeb site

637706_Pembroke Announcement - Nordic 050225.pdf