HMH Holding plans to refinance secured bonds due 2025

By Mary-Katherine Stinson

Lexington, Ky., Oct. 30 – Akastor ASA’s 50% owned affiliate, HMH Holding BV, announced it plans to use a portion of the proceeds from new three-year senior secured bonds to refinance its existing senior secured bond maturing Feb. 10, 2025 (ISIN: NO0012428996).

The company is holding a series of fixed-income investor meetings beginning Monday ahead of the possible bond issue.

HMH is a drilling solutions provider based in Lysaker, Norway, which was formed as an independent company in 2021 through the merger of Baker Hughes' Subsea Drilling Systems business and Akastor ASA's wholly owned subsidiary, MHWirth AS.

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