OKEA ASA: Fixed Income Investor Meetings for Contemplated Senior Secured Bond

10 Jun 2025 06:00 CEST

(Trondheim, 10 June, 2025): OKEA ASA (OSE: OKEA) ("OKEA" or the "Company") has
mandated Arctic Securities AS, DNB Carnegie, a part of DNB Bank ASA, and Pareto
Securities AS as Joint Bookrunners to arrange a series of fixed income investor
meetings commencing today.

A new 4-year senior secured bond with an initial issue amount of USD 175 million
may follow, subject to inter alia market conditions. Net proceeds from the
contemplated bond issue will be used for the redemption of the Company's
existing outstanding USD 125 million senior secured bond with maturity in
September 2026 (ISIN NO 0013009282) ("OKEA04") and for general corporate
purposes.

Subject to successful completion of the contemplated bond issue, OKEA04 will be
called in full at the prevailing call price.

This information is considered to be inside information pursuant to Regulation
EU 596/2014 (MAR) and is subject to the disclosure requirements pursuant to MAR
article 17 and section 5-12 of the Norwegian Securities Trading Act. The
information was submitted for publication by Stig Hognestad, VP Investor
Relations, OKEA ASA on 10 June 2025 at 06:00.

For further information, please contact:
Stig Hognestad, VP Investor Relations
stig.hognestad@okea.no
+47 902 59 040

Or:
Birte Norheim, CFO

birte.norheim@okea.no
+47 952 933 21

About OKEA
OKEA ASA is a leading mid- and late-life operator on the Norwegian continental
shelf (NCS). OKEA finds value where others divest and has an ambitious strategy
built on growth, value creation and capital discipline.

OKEA is listed on the Oslo Stock Exchange (OSE:OKEA)

More information at www.okea.no

More information:
Access the news on Oslo Bors NewsWeb site

648698_Release.pdf
648698_OKEA_Credit_investor_update_June_2025.pdf