Rex International's Lime Petroleum Holding Raises NOK 450 Million via Existing Bond

Lime Petroleum Holding, a subsidiary of Rex International Holding, has successfully raised NOK 450 million (approximately US$41.39 million) through the tap mechanism of its existing Senior Secured Bond (ISIN NO0013276410). Following this transaction, the total outstanding bond amount now stands at NOK 1,650 million (approximately US$151.77 million), with settlement scheduled for 29 October 2024.

The funds will be used for general corporate purposes, including development capital expenditures in the Norwegian Continental Shelf and working capital to support ongoing operations.