Fred Olsen Energy (FOE) is issuing NOK 435m ($60.9m) in convertible bonds and NOK 700m in bond loans as part of its restructuring of long-term debt.
The bonds will be convertible into FOE shares at NOK 68 per share, against a current price of NOK 56, and in total represent 6.4 million new shares or 10.6% of the current outstanding shares.
Oslo-listed
