Luxembourg, 22 July 2026 - Constellation Oil Services Holding S.A.
("Constellation" or the
"Company", OSE: COSH) has today successfully priced a USD 650 million senior
secured bond due
2033 (the "Bonds"). The Bonds will carry a fixed coupon of 7.700% p.a., payable
semi-annually.
The net proceeds from the bond issue, together with cash on hand, will be used
to discharge and
satisfy in full the Company's outstanding USD 650 million 9.375% Senior Secured
Notes due 2029,
and to pay fees and expenses in connection with the transaction.
Settlement of the Bonds is expected on or about August 3, 2026, subject to
customary closing
conditions. An application will be made for the Bonds to be listed on the
Singapore Exchange
Securities Trading Limited - SGX-ST.
This press release does not constitute an offer of any securities for sale. Any
securities have not been
and will not be registered under the U.S. Securities Act of 1933, as amended,
and may not be offered
or sold in the United States absent registration or an applicable exemption from
registration
requirements.
For further queries, please contact:
Investor Relations Team
Email: ir@theconstellation.com
Additional information about the Company can be found at Constellation IR web
site.
This information is subject to the disclosure requirements pursuant to Section
5-12 of the Norwegian
Securities Trading Act.
About Constellation
Constellation is a market leading provider of offshore oil and gas contract
drilling services through its
subsidiary Serviços de Petróleo Constellation S.A. ("Serviços de Petróleo
Constellation"). With
continuous operations since 1981, Serviços de Petróleo Constellation has built
an unmatched reputation
for excellence in offshore drilling services, obtaining ISO 9001, ISO 14001, ISO
45001, and API Spec
Q2 certifications for its quality management, environmental and safety records
and systems.
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