Awilco LNG (ALNG.OL) said Tuesday it raised 29.5 million Norwegian kroner of additional proceeds from its subsequent offering of new shares priced at 3.25 kroner apiece.
At the closing of the subsequent offering, the Norwegian liquefied natural gas transport company received orders for 9,093,946 shares. It offered 15 million new shares as part of the follow-on offering.
Borr Drilling (BORR.OL) on Tuesday launched an offer to repurchase up to $1.58 billion of its outstanding senior secured notes.The drilling contractor is offering cash to acquire all $1.13 billion of outstanding notes from its Borr IHC unit's $1.38 billion issuance of 10% senior secured notes due 2028, and up to $447.3 million of outstanding notes from its $877.1 million issuance of 10.375% senior secured notes due 2030.The offer consideration for every $1,000 of the 2028 notes will factor 2% US Treasury Reference Security due Nov. 15, 2026, plus the fixed spread of 50 basis points and an additional $50 for early tenders. Meanwhile, the offer consideration for every $1,000 of the 2030 notes is equal to $1,010 plus $50 for early tenders. Delivery of the new notes is scheduled for June 10, 2026, with early settlement to follow the next day.Along with cash on hand, the company intends to use proceeds from its $1.6 billion offering of senior secured notes due 2032 and 2034 to help finance the redemption offer. Closing is expected on June 24, 2026.
Canada reportedly reached a deal to supply German energy company SEFE with as much as 1 million metric tons of liquefied natural gas annually.The LNG will be supplied from the planned CA$10 billion Ksi Lisims project in British Columbia, Bloomberg News reported Tuesday, citing people familiar with the matter.A deal could be announced by the Canadian Minister of Energy and Natural Resources Tim Hodgson on Wednesday, the report added.SEFE, Canada's Natural Resources Ministry, and Ksi Lisims LNG did not immediately respond to requests for comments from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
SOLV Energy (MWH) said late Tuesday it has launched a public offering of 14 million Class A shares, including almost 7.2 million shares offered by affiliates of American Securities and some 6.8 million shares offered by the company.The selling stockholders and SOLV plan to grant underwriters a 30-day option to purchase up to about 1.1 million and 1.0 million additional shares, respectively, the firm said.The company said it plans to use the net proceeds to buy limited liability company interests in SOLV from existing holders, including affiliates of American Securities and some directors.Shares were down over 5% in after-hours activity.