25 October 2021 - Ocean Yield ASA (the "Issuer") has today instructed Nordic Trustee AS as trustee for its perpetual hybrid callable bond issue with ISIN NO 0010861594 (OCY06) to issue a notice of a written bondholder resolution to consider certain amendments to the bond terms. The notice is attached to this release. As follows from the notice, bondholders together representing 72.55 per cent of the outstanding bonds have irrevocably undertaken to vote in favour of the proposal, meaning that the proposal will be adopted as proposed when such votes are received by the bond trustee.
Arctic Securities AS and DNB Markets, a part of DNB Bank ASA, have been appointed as financial advisors to the Issuer in connection therewith.
Eirik Eide (CFO), Tel +47 24 13 01 91
Investor Relations contact:
Marius Magelie (SVP Finance & Investor Relations), Tel +47 24 13 01 82
Ocean Yield ASA is a ship owning company with investments in vessels on long-term charters. The company has a significant contract backlog that offers visibility with respect to future earnings and dividend capacity.