Appleby advises Nordic Trustee on two senior secured bond issuances totalling US$1 billion
Appleby has advised Nordic Trustee AS (“Nordic Trustee”) in connection with two senior secured bond issuances with an aggregate principal amount of US$1 billion:
- the issuance by MM Mirage Bluewater II Limited, an exempted company incorporated in the Cayman Islands, of US$650 million 8.75% senior secured bonds due 2026/2029; and
- the issuance by Kosmos Energy GTA Holdings, an exempted company incorporated in the Cayman Islands, of US$350 million 11.25% senior secured bonds due 2026/2031.
Appleby acted as Cayman Islands legal counsel to Nordic Trustee on both transactions, alongside Wikborg Rein Advokatfirma AS as Norwegian counsel.
For the Kosmos Energy GTA Holdings issuance, Fearnley Securities AS and Pareto Securities AS acted as global coordinators and joint bookrunners.
For the MM Mirage Bluewater II Limited issuance, DNB Carnegie, a part of DNB Bank ASA, Fearnley Securities AS and Pareto Securities AS acted as global coordinators and joint bookrunners.
The Appleby team was led by Asia Managing Partner David Bulley, with support from Hong Kong Senior Associate Angelina Wong on both transactions and Shanghai Associate Nell Huang on the MM Mirage Bluewater II Limited issuance.
These transactions further demonstrate Appleby’s experience in complex offshore finance transactions and the strength of its Asia-based Finance team.
