REG - Kistos Holdings PLC - Pricing of Nordic Bond Issue

Kistos HoldingsAnnouncement

01/05/2026 07:01

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RNS Number : 6948C  Kistos Holdings PLC  01 May 2026

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF
REGULATION 2014/596/EU, WHICH IS PART OF DOMESTIC UK LAW PURSUANT TO THE
MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS (SI 2019/310) (UK MAR). UPON
THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION (AS DEFINED IN
UK MAR) IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

 

1 May 2026

 

 

Kistos Holdings plc

 

("Kistos" or "the Group")

 

Pricing of Nordic Bond Issue

 

Kistos (LON: KIST), an independent energy company focused on unlocking value
within its existing portfolio and through value-accretive M&A, is pleased
to announce that it has successfully priced a USD 300 million issue of senior
secured bonds at par, to be issued by Kistos Holdings plc with a maturity of
four years and a coupon of 9.875% per annum ("the Bonds").

 

The Bonds were oversubscribed, attracting strong demand from a broad base of
international institutional investors across the Nordics, the UK and other
geographies. Settlement of the Bonds and release of USD 280 million of the net
proceeds are subject to completion of the Block 3 & 4, Oman acquisition
and the satisfaction (or waiver) of customary conditions precedent, including
the release of funds from escrow. An additional USD 20 million tranche
(representing the balance of the issuance under the Bonds) will be available
to be released from escrow upon completion of the Block 9, Oman acquisition,
subject to the customary conditions precedent set out in the bond
documentation.

 

Net proceeds will be used to redeem in full the Group's existing Norwegian
bond indebtedness, with any remaining amounts available for general corporate
purposes.

 

An application will be made for the Bonds to be listed on the Euronext ABM.
ABG Sundal Collier ASA and Fearnley Securities AS acted as Joint Bookrunners
to the bond issue.

 

Andrew Austin, Executive Chairman of Kistos, commented:

 

"The strong demand for the bond issue among new and continuing credit
investors demonstrates the strength and attractiveness of Kistos' diversified
energy platform, with a strong foothold in Europe and its entry into the
Middle East & North Africa through Oman."

 

ENDS

 

Contacts

 

 Kistos Holdings plc                                           via Hawthorn Advisors

 Andrew Austin

 Panmure Liberum (NOMAD, Joint Broker)                         Tel: 0207 886 2500

 Amrit Mahbubani / Freddie Wooding / Mark Murphy / Sam Elder

 Berenberg (Joint Broker)                                      Tel: 0203 207 7800

 Matthew Armitt / Ciaran Walsh

 Hawthorn Advisors (Public Relations Advisor)                  Tel: 0203 745 4960

 Henry Lerwill / Simon Woods

 Camarco (Public Relations Advisor)                            Tel: 0203 757 4983

 Billy Clegg

 

https://www.kistosplc.com (https://www.kistosplc.com/)

 

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