HMH Holding plans senior secured bond issue to refinance debt

HMH Holding B.V. has mandated DNB Carnegie, Nordea, Arctic Securities, and Pareto Securities as joint bookrunners to arrange fixed income investor meetings, commencing today, December 2, 2025. The company is considering a USD denominated 3-year senior secured bond issue, subject to market conditions.

The net proceeds from this potential bond issue will primarily be used to refinance the company's existing senior secured bond, HMHH02, which matures on November 16, 2026. Funds will also be allocated for general corporate purposes. Should the contemplated bond issue complete, HMH Holding B.V. plans to exercise the call option for early redemption of HMHH02 at its prevailing call price.

HMH, formed in October 2021 from a merger of Baker Hughes' Subsea Drilling Systems business and Akastor ASA's MHWirth AS, is a drilling solutions provider. The company aims to support the industry's transition towards energy-efficient solutions and increased drilling efficiency.