Reach Subsea ASA: Successful placement of senior unsecured bond issue

03 Jul 2025 14:14 CEST

Haugesund, 3 July 2025:

Reach Subsea ASA (the “Company”) has today successfully completed a new 3-year
senior unsecured floating rate bond issue of NOK 500 million. The bond will
carry a coupon of 3m NIBOR + 7.25%. The net proceeds from the bond issue will be
used towards newbuilding investments and general corporate purposes. Settlement
is expected on 17 July 2025 and an application will be made to list the bonds on
the Oslo Stock Exchange.
Arctic Securities and DNB Carnegie acted as Joint Bookrunners in the
transaction.

For more information please contact:
Birgitte Wendelbo Johansen
Chief Financial Officer
Reach Subsea ASA
bwj@reachsubsea.no

About Reach Subsea
Our services are delivered through a fleet of vessels, supported by offices in
Norway, Sweden, the UK, the US, Brazil, Trinidad, Australia, and Singapore. We
currently employ close to 500 people across both offshore and onshore locations.
The company operates a wide range of work and survey ROVs from its fleet of
vessels, ranging from smaller survey, IMR, to light construction vessels.
Operations are performed by highly qualified offshore personnel and supported by
competent onshore engineering resources. The Group’s objective is to offer high
quality solutions and technology to clients in need of ocean data and services.
Our vision,'Sustainable access to ocean space,' underpins our commitment to
developing sustainable solutions while carefully balancing the interests of all
our stakeholder groups.

More information:
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