BW Offshore: USD 297,400,000 Senior Unsecured Convertible Bonds due 2024

BW Offshore: USD 297,400,000 Senior Unsecured Convertible Bonds due 2024

26 Nov 2021 15:23 CET

USD 297,400,000 Senior Unsecured Convertible Bonds due 2024

Notice to Bondholders

BW Offshore Limited USD 297,400,000 Senior Unsecured Convertible Bonds due 2024
(the Bonds")
(ISIN: NO0010867948)

Capitalised terms not otherwise defined herein shall have the meanings given to
them in the terms and conditions of the Bonds (the "Bond Terms").

In accordance with the Bond Terms, BW Offshore Limited as the Issuer hereby
gives notice to Bondholders that, as a result of the Dividend of USD 0.035
payable to Shareholders of record on 29 November 2021, pursuant to Clause
13.1(iii) and Clause 13.6, the Conversion Price has been adjusted from
USD 8.7793 to USD 8.6768, effective as of 26 November 2021.

For further information, please contact:
Ståle Andreassen, CFO, +65 97 27 86 47
Anders S. Platou, Head of Corporate Finance & Strategy, +47 99 50 47 40

About BW Offshore:
BW Offshore engineers innovative floating production solutions. The Company has
a fleet of 14 FPSOs with potential and ambition to grow. By leveraging four
decades of offshore operations and project execution, the Company creates
tailored offshore energy solutions for evolving markets world-wide. BW Offshore
has around 2,000 employees and is publicly listed on the Oslo Stock Exchange.

This information is subject to a duty of disclosure pursuant to Section 5-12 of
the Norwegian Securities Trading Act.

More information:
Access the news on Oslo Bors NewsWeb site

Source

BW Offshore Limited

Provider

Oslo Børs Newspoint