Ashurst advised Solveig Gas Norway AS on its issuance of NOK 1 billion in senior secured bonds as part of the ongoing refinancing of the debt used to support Solveig’s acquisition of 24.1% stake in the Gassled pipeline network. The debt is fully amortising and carries a fixed interest rate of 5.32%. Repayment is six monthly and continues up to maturity in December 2027.
The arrangers for the bond issuance were Barclays Bank PLC, HSBC Bank plc and RBC Europe Limited.
The Ashurst team was led by consultant Stephen Edlmann and banking partner Jane Fissenden, assisted by counsel Paula Clarke and senior associate Conor Funston. Partner Paul Miller and associate Philippa Michie advised on the tax aspects.
