Investors

Debt Financing

Pandion has established the following long-term interest-bearing debt financing. The debt financing package includes a combination of bank facility and bond:

Reserve based lending (“RBL”) facility

The RBL facility was established in 2018 and is a senior secured seven-year facility. The maturity was in 2019 extended with one year, until 1 July 2026. The facility is at USD 150 million with an additional uncommitted accordion option of USD 150 million. The interest rate is from 1-6 months LIBOR plus margin of 3.5%.

Senior Unsecured Bond

The senior unsecured bond was established in 2018 and is a bond of NOK 400 million running from April 2018 to April 2023. The interest rate is 3 months NIBOR plus margin of 7.25%, but the interest payments have been fixed using an interest rate swap. The fixed all in rate after the swaps is 10.61%.

In October 2018, the Company listed its senior unsecured bond at the Nordic ABM, a list of registered bonds for which Oslo Børs (i.e. Oslo Stock Exchange) determines the rules of the list in consultation with market participants.

The bond is listed under the symbol PANE01 PRO.

For information at the Oslo Børs, go to PANE01 PRO Nordic ABM

Financial Statements

Interim financial statements and annual reports are made available for download below.

For further information, please contact:

Hege Peters, VP Finance & Business Support
hege.peters@pandionenergy.no
+ 47 996 18 485

Quarterly Reports 2020

14 August 2020
Q2 2020
15 May 2020
Q1 2020

Quarterly Reports 2019

14 Feb 2020
Q4 2019
14 Nov 2019
Q3 2019
14 Aug 2019
Q2 2019
15 May 2019
Q1 2019

Quarterly Reports 2018

15 Feb 2019
Q4 2018
14 Nov 2018
Q3 2018

Annual Reports