Lime Petroleum Holding secures NOK 1.1 bn in Nordic bond issue

Lime Petroleum Holding AS (LPH) has successfully raised NOK 1.1 billion through a NOK-denominated senior secured bond issue with a three-year tenor. The transaction was announced on September 19, 2025.

Approximately NOK 550 million of the proceeds will refinance LPH's existing bond. The remaining NOK 550 million is earmarked for new onshore field development activities in Germany, a newly established third core business area for LPH, and for general corporate purposes. Lars B. Hübert, chief executive of LPH, highlighted that the strong support from investors enhances financial flexibility and underpins growth ambitions.

The bonds will be issued at 100% of par value and carry a coupon of 1000 bps plus three-month Norwegian Interbank Offered Rate (NIBOR). Settlement is anticipated on October 10, 2025. ABG Sundal Collier acted as exclusive financial advisor, sole bookrunner, and manager for the bond issue.