GOGL - Golden Ocean and CMB TECH signed loan facilities of $2 billion to refinance outstanding debt in Golden Ocean

20 Jun 2025 22:30 CEST

Reference is made to the press release issued by CMB.TECH NV (NYSE: CMBT &
Euronext Brussels: CMBT) ("CMB.TECH") on March 4, 2025, which announced that
they had identified a bank syndicate to refinance all or parts of the
outstanding debt in Golden Ocean Group Limited ("Golden Ocean").

Golden Ocean and CMB.TECH hereby announce the signing of a $2,000 million
facilities agreement with a bank syndicate comprising a term loan facility of up
to $1,250 million and a revolving credit facility ("RCF") of up to $750 million
which will become available following the completion of the planned merger
between Golden Ocean and CMB.TECH, expected in Q3 2025. Golden Ocean acts as the
borrower and CMB.TECH acts as the parent guarantor.

The term loan facility of $1,250 million is expected to be drawn during the
second and the third quarter of 2025.

For further queries, please contact:

Peder Simonsen, CEO of Golden Ocean Management AS
Telephone: +47 22 01 73 40

Randi Navdal Bekkelund, CFO of Golden Ocean Management AS
Telephone: +47 22 01 73 40

June 20 2025
Hamilton, Bermuda


This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act

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