STX Europe AS has completed the issuance of a 2-year NOK 250 million senior unsecured bond loan (the "Bonds"). Settlement date is expected to be 23 March 2010 and the expected maturity date is 23 March 2012. An application will be made for the Bonds to be listed on the Oslo Stock Exchange. The issuer will hold NOK 25 million of the new Bonds. The proceeds from the bond issue will be used for general corporate purposes.
Nordea Markets and Pareto Securities acted as Joint Lead Managers of the new bond issue.
For further information, please contact:
STX Europe AS
Senior Vice President Finance
Mob: +47 91 68 96 61
STX Europe is an international shipbuilding group which aims to be the leading builder of cruise and offshore vessels. The group has a strong position in terms of developing state-of-the-art concepts, technology, processes and products for customers around the world. STX Europe comprises 15 shipyards in Finland, France, Norway, Romania, Brazil and Vietnam. STX Europe has approx. 16 000 employees. Formerly known as Aker Yards, the group changed its name to STX Europe in November 2008.
STX Europe's principal shareholder, the international industrial group STX, has approximately 40 000 employees and aims to be a global top player in its core areas; shipping and trade, shipbuilding and machineries, plant and construction, and energy.
This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)