Business
Pricing of Nordic Bond Issue
Kistos Holdings plc has successfully priced a USD 300 million senior secured bond issue with a four-year maturity and a 9.875% annual coupon, which was oversubscribed by international institutional investors. The net proceeds will be used to redeem existing Norwegian bond debt, with remaining funds available for general corporate purposes. Settlement and release of USD 280 million are contingent on the completion of the Block 3 & 4 Oman acquisition, with an additional USD 20 million tranche available upon completion of the Block 9 Oman acquisition, subject to customary conditions. An application will be made to list the bonds on Euronext ABM. Disclaimer*
About this update from Kistos Holdings Plc
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF REGULATION 2014/596/EU, WHICH IS PART OF DOMESTIC UK LAW PURSUANT TO THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS (SI 2019/310) (UK MAR). UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION (AS DEFINED IN UK MAR) IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN. 1 May 2026 Kistos Holdings plc ("Kistos" or "the Group") Pricing of Nordic Bond Issue Kistos (LON: KIST), an independent energy company focused on unlocking value within its existing portfolio and through value-accretive M&A, is pleased to announce that it has successfully priced a USD 300 million issue of senior secured bonds at par, to be issued by Kistos Holdings plc with a maturity of four years and a coupon of 9.875% per annum ("the Bonds"). The Bonds were oversubscribed, attracting strong demand from a broad base of international institutional investors across the Nordics, the UK and other geographies. Settlement of the Bonds and release of USD 280 million of the net proceeds are subject to completion of the Block 3 & 4, Oman acquisition and the satisfaction (or waiver) of customary conditions precedent, including the release of funds from escrow. An additional USD 20 million tranche (representing the balance of the issuance under the Bonds) will be available to be released from escrow upon completion of the Block 9, Oman acquisition, subject to the customary conditions precedent set out in the bond documentation. Net proceeds will be used to redeem in full the Group's existing Norwegian bond indebtedness, with any remaining amounts available for general corporate purposes. An application will be made for the Bonds to be listed on the Euronext ABM. ABG Sundal Collier ASA and Fearnley Securities AS acted as Joint Bookrunners to the bond issue. Andrew Austin, Executive Chairman of Kistos, commented: "The strong demand for the bond issue among new and continuing credit investors demonstrates the strength and attractiveness of Kistos' diversified energy platform, with a strong foothold in Europe and its entry into the Middle East & North Africa through Oman." ENDS Contacts Kistos Holdings plc Andrew Austin via Hawthorn Advisors Panmure Liberum (NOMAD, Joint Broker) Amrit Mahb...
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