Lime Petroleum Holding Raises Nok 1.1 Billion In A Nordic Bond Issue

Lime Petroleum Holding AS (“LPH”) is pleased to announce that it has successfully raised NOK 1.1 billion (approximately US$112.5 million) in NOK-denominated senior secured bonds with a three-year tenor (the “Bonds”).

Lars B. Hübert, Chief Executive Officer of LPH, said, “The successful completion of the NOK 1.1 billion bond issue secures in part the refinancing of LPH’s existing bond (ISIN NO0013276410*), while providing funding for new onshore field development in Germany, LPH’s newly established third core business area. The strong support from existing and new bondholders attests to the confidence investors have in our strategy and future growth. This transaction strengthens our financial position, enhances our flexibility, and underpins LPH’s growth ambitions. We are very pleased with the outcome and remain committed to creating long-term value for all stakeholders.” 

Of the total proceeds, approximately NOK 550 million will be used to refinance LPH’s existing bond through a roll mechanism, while the remainder of approximately NOK 550 million will be used for onshore field development activities in Germany and for general corporate purposes.

The settlement of the Bonds is expected to take place on 10 October 2025. The Bonds will be issued at 100 per cent of par value and carry a coupon of 1000 bps plus three-month Norwegian Interbank Offered Rate (NIBOR). Closing and draw-down are subject to certain conditions and approvals.

ABG Sundal Collier acted as Exclusive Financial Advisor, Sole Bookrunner and Manager for the bond issue.

*There was an inadvertent error in the ISIN cited in the press release dated 15 September 2025. The correct ISIN is NO0013276410.

--- END ---

20250919_LPH_PressRelease_LPHBond_Final.pdf

Download PDF • 190KB