19th June 2024

Samos Energy Infrastructure Ltd: Successful Placement of USD 75 Million Senior Secured Bond Issue​

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Samos Energy Infrastructure Limited (“SEIL” or the “Company”) is pleased to announce that it has successfully completed its inaugural 4-year senior secured bond issue of USD 75 million with a coupon rate of 12.5% percent, issued at par. The bond issue, which attracted strong interest from international investors, was significantly oversubscribed and priced at the bottom end of the initial price indications.

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SEIL is a top ten player in the floating production unit space, owning two FPSOs and one MOPU on bareboat charter contracts in Thailand, Vietnam and Malaysia.  The Company acquired these assets from funds managed by Blackrock and from Petrofac Limited in July 2023 with equity from Amerocap and private credit. Following this bond financing, the Company will focus on harvesting its existing portfolio and follow-on investments in floating energy infrastructure.

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The Company is part of the Samos Energy Group, a global investment platform which acquires and provides financing to traditional energy assets with a focus on E&P and infrastructure. Since acquiring the Company less than one year ago, Samos has substantially grown its operational, technical and investment teams across the US, UK, Singapore and Malaysia.

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The net proceeds from the contemplated bond issue will be used to refinance the Company’s existing private credit facility. The issue of the bond is expected on 5th July 2024 (the “Issue Date”) and it will mature on 5th July 2028, 4 years after the Issue Date (the “Maturity Date ”). The bond is fully amortizing during its tenor.

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ABG Sundal Collier acted as Sole Manager and Sole Bookrunner.
 

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