Fixed income investor calls Reference is made to the announcement released byTulip Oil Netherlands Offshore B.V . (the "Company") on12 March 2021 regarding the contemplated sale byTulip Oil Holding B.V . of its subsidiaryTulip Oil Netherlands B.V . toKistos plc (the "Sale"). In connection with the Sale,ABG Sundal Collier andPareto Securities have been mandated to arrange a series of fixed income investor calls for the Company commencing19 April 2021 . AEUR 90 million denominated senior secured bond issue with a 3.5-year tenor (the "EUR 90 Million Bond Issue") may follow, subject to inter alia market conditions. The purpose of theEUR 90 Million Bond Issue will be to finance a mandatory prepayment of the Company's outstandingEUR 87 million bond (TONO01) with maturity25 October 2022 upon completion of the Sale. In addition to theEUR 90 Million Bond Issue, the Company is contemplating to issue aEUR 60 million denominated senior secured bond issue with a 5-year tenor (the "EUR 60 Million Bond Issue"). TheEUR 60 Million Bond Issue will be issued as payment in kind toTulip Oil Holding B.V . as part of the consideration for the Sale toKistos plc . Both theEUR 90 Million Bond Issue and theEUR 60 Million Bond Issue will be guaranteed byKistos plc . Notes to the Editor:Tulip Oil Netherlands Offshore B.V . is a subsidiary ofTulip Oil Holding B.V ., a privately-held exploration and production operator based inThe Hague . The Company operates assets in boththe Netherlands and inGermany and is owned by funds advised by GNRI, management and staff. Contact Details: Email: info@tulipoil.com Telephone: + 31707470300 Forward-looking Statements Certain statements included in this announcement contain forward-looking information. By their nature, forward-looking statements involve uncertainty because they depend on future circumstances, and relate to events, not all of which are within Tulip Oil's control or can be predicted by Tulip Oil. Although Tulip Oil believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. Actual results could differ materially from those set out in the forward-looking statements. Any forward-looking statements made herein by or on behalf of Tulip Oil speak only as of the date they are made and Tulip Oil expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained in this announcement to reflect any changes in its expectations with regard thereto or any changes in events, conditions or circumstances on which any such statement is based.
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