Nova Austral’s $300 Million Notes Offering


Advokatfirmaet Thommessen, Arendt & Medernach, Uría Menéndez Abogados, Carey, Schjødt Law Firm and Cariola, Díez, Pérez-Cotapos & Cía. advised on the transaction


Nova Austral S.A. (“Nova Austral”) is pleased to announce that it has successfully placed U.S.$ 300 million in aggregate principal amount of senior secured bonds due 2021 at a price of par with a coupon of 8.25% per annum.

Settlement of the bond issue is expected to occur on or about June 30th 2017, subject to customary conditions precedent.

An application will be made for the bonds to be listed on Oslo Børs within 12 months of settlement.

Net proceeds from the bonds will be used, together with cash at hand, to refinance certain existing indebtedness, for general corporate purposes, and shareholder distribution.

The recapitalization will enable the owners to progress the company further in cost optimization, volume upside and market penetration. Pareto Securities AS, DNB Markets and Arctic Securities AS have acted as joint bookrunners for the transaction.Nova Austral:

Thommessen advised Nova Austral with Halvor Mansåker (Picture), Marius Holm Rynning, Heidi Dillevig, Nanette Arvesen and Pernille Engstrøm Skaug.

In Luxemburg, Arendt & Medernach advised Nova Austral with Jan Neugebauer, Sébastien Binard, François Deprez and Urbain Gwiza.

In London and Madrid, Uría Menéndez Abogados advised Nova Austral with Juan Carlos Machuca, Enrique de Pablos Martínez-Fortún and Jorge del Castillo Golding.

In Chile, Carey advised Nova Austral with Guillermo Acuña, Felipe Moro, Patricia Silberman, Fernando Noriega, Loreto Ribera, Josefina Marschall and José Antonio Espinosa.

Schjødt Law Firm advised Nordic Trustee and DNB Bank ASA with Thomas A. Dale.

In Chile, Cariola, Díez, Pérez-Cotapos & Cía. advised Nordic Trustee and DNB Bank ASA with Rodrigo Sepúlveda and Sergio Balharry.

Involved fees earner: Guillermo Acuña – Carey; Felipe Moro – Carey; Patricia Silberman – Carey; Josefina Marschall – Carey; José Antonio Espinosa – Carey; Felipe Moro – Carey; Fernando Noriega – Carey; Loreto Ribera – Carey; Rodrigo Sepúlveda – Cariola, Díez, Pérez-Cotapos & Cía Ltda; Sergio Balharry – Cariola, Díez, Pérez-Cotapos & Cía Ltda; Thomas Dale – Schjodt; Jan Neugebauer – Arendt & Medernach; Sébastien Binard – Arendt & Medernach; François Deprez – Arendt & Medernach; Urbain Gwiza – Arendt & Medernach; Halvor Mansåker – Thommessen AS; Marius Holm Rynning – Thommessen AS; Nanette Arvesen – Thommessen AS; Heidi Dillevig – Thommessen AS; Pernille Engstrøm Skaug – Thommessen AS; Juan Carlos Machuca – Uría Menéndez; Enrique de Pablos Martínez-Fortún – Uría Menéndez; Jorge del Castillo – Uría Menéndez;

Law Firms: Carey; Cariola, Díez, Pérez-Cotapos & Cía Ltda; Schjodt; Arendt & Medernach; Thommessen AS; Uría Menéndez;

Clients: DNB Bank ASA; Nordic Trustee; Nova Austral SA;

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