Brief: Cadeler: Planned F-Class Vessel Order, Customer Contract Discussion

Cadeler A/S

04/05/2022 15:36

May 4 (Reuters) - Cadeler A/S  CADLR.OL :
    * CADELER A/S: PLANNED F-CLASS VESSEL ORDER, CUSTOMER
CONTRACT
DISCUSSION
    * CONTEMPLATED PRIVATE PLACEMENT
    * COMNTEMPLATES PRIVATE PLACEMENT WITH GROSS PROCEEDS OF USD
70 -
90 MILLION
    * CONTEMPLATES PRIVATE PLACEMENT AT OFFER PRICE OF NOK 32.32
PER
SHARE
    * IS IN ADVANCED DISCUSSIONS WITH COSCO SHIPYARD
    * DISCISSUINS WITH COSCO SHIPYARD REGARDING POSSIBLE ORDER
WITH
EXPECTED COST CURRENTLY ESTIMATED TO BE IN RANGE OF USD 343 -
347 MILLION
    * IS IN DISCUSSION FOR F1'S MAIDEN CONTRACT CONCERNING AN XL
MONOPILE FOUNDATION INSTALLATION CONTRACT IN NORTH SEA,
CURRENTLY EXPECTED TO COMMENCE IN Q1 2026
    * FINAL NUMBER OF NEW SHARES TO BE ISSUED WILL BE DETERMINED
ON
BASIS OF ACCELERATED BOOKBUILDING PROCESS
    * BW ALTOR CONFIRMED ITS INTENTION TO SUBSCRIBE FOR NEW
SHARES IN
PRIVATE PLACEMENT EQUAL TO ITS PRO-RATA SHARE OF 32.15%

Source text for Eikon:  ID:nObiwMPYva 
Further company coverage:  CADLR.OL 

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