Akastor ASA’s (OSE: AKAST) 66.7% owned affiliate AKOFS Offshore AS (AKOFS Offshore) has today completed a USD 300 million reducing revolving credit facility agreement (the “Loan Agreement”) with DNB Bank ASA and Sparebank 1 Sør-Norge ASA. The Loan Agreement has a tenor of 4 years and is non-recourse to the shareholders.
In addition to refinancing the existing loan arrangements for “AKOFS Seafarer” and “AKOFS Santos”, the Loan Agreement will also provide AKOFS Offshore with financing required to exercise the purchase option of the “Aker Wayfarer” which is currently leased from Ocean Yield ASA. AKOFS Offshore has therefore today issued a formal notification that it exercises the purchase option at the end of the lease period, which will take effect in Q3 2027 against a payment of USD 57.7 million. Aker Wayfarer is currently operating under contract with Petróleo Brasileiro S.A. (Petrobras) in Brazil and was awarded a new four-year contract in Q1 2026, with expected commencement in Q3 2027.
For further information, please contact:
Øyvind Paaske
Chief Financial Officer
Tel: +47 917 59 705
oyvind.paaske@akastor.com
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.
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About AKOFS Offshore:
AKOFS Offshore is a provider of vessel-based subsea well construction and intervention services to the oil and gas industry. The company operates three specialized offshore vessels, AKOFS Santos, Aker Wayfarer and AKOFS Seafarer, with the first two vessels contracted to Petrobras for work in Brazil and the last one contracted to Equinor for work on the Norwegian Continental Shelf. The company employed 363 people as per 30 June 2026. AKOFS Offshore is owned by Akastor AS (2/3) and Mitsui O.S.K. Lines, Ltd. (1/3).
For further information, please visit homepage: www.akofsoffshore.com
Akastor is a Norway-based oil-services investment company with a portfolio of industrial holdings and other investments. The company has a flexible mandate for active ownership and long-term value creation.