19th June 2024

Samos Energy Infrastructure Ltd: Successful Placement of USD 90 Million Senior Secured Bond Issue​

​

Samos Energy Infrastructure Limited (“SEIL” or the “Company”) is pleased to announce that it has successfully completed a 4-year senior secured bond issue of USD 90 million with a coupon rate of 10.5% percent, issued at par. The transaction follows the Company's inaugural USD 75 million bond issue in 2024 and provides long-term financing for its expanded portfolio following the acquisition of the Suksan Salamander FSO in April 2026.

SEIL is a leading player in the floating production vessels sector, owning two FPSOs, one MOPU, and one FSO on bareboat charter contracts in Thailand, Vietnam and Malaysia. The Company is part of the Samos Energy Group, a global investment platform which both acquires and provides financing to traditional energy assets with a focus on E&P, infrastructure and thermal power.

The net proceeds from the contemplated bond issue will be used to refinance the Company’s existing senior secured bond, other financing facilities which include the recent acquisition  of the Suksan Salamander FSO, and for general corporate purposes. The settlement of the new bond is expected on 13th July 2026 and it will mature on 13th July 2030. The bond is fully amortizing during its tenor. 

Following this transaction, the Company will focus on optimising its existing portfolio and follow-on investments in floating energy infrastructure.

Fearnley Securities and Pareto Securities acted as Joint Lead Managers for the bond issue.

Schjødt acted as legal adviser to the Company.

 ​