DOF Subsea AS contemplates issuance of new unsecured bond

DOF Subsea AS is contemplating the issuance of new unsecured bonds with maturity in March 2022. The net proceeds will be used to refinance the existing bonds maturing in May 2018, and for general corporate purposes, the Company said Wednesday.

Pareto Securities has been retained as manager of the contemplated bond issue.

About DOF Subsea
DOF Subsea is a leading provider of subsea services in all the major oil and gas production regions around the world. With a world class fleet of offshore vessels, ROVs (Remote Operated Vehicles), diving and survey systems, the group combines expertise and technology to deliver integrated subsea solutions to the offshore oil and gas industry. The Company's two core business segments include long-term charter agreements for the fleet and the execution of complex subsea operations to depths of 4,000 metres, using owned and operated, purpose-built vessels. The Company is located in the North Atlantic, Gulf of Mexico, Brazil, Asia, and West Africa with a team of 1,566 skilled subsea personnel, excluding seafarers. DOF Subsea fleet stands at 25 offshore vessels including newbuilds, 62 ROV systems, including 1 AUV/IIV system.