HMH refinances $200m debt with new bond issuance

HMH, 50% owned by Akastor ASA, has successfully completed a new $200 million senior secured bond issue. The bonds have a three-year tenor and carry a fixed coupon of 7.875% per annum.

The net proceeds from this new issuance will be used to settle in full HMH’s existing $200 million senior secured bond issue. HMH intends to seek listing of the new bonds on Euronext ABM.

This refinancing follows Akastor's previous stock exchange notice on December 2, 2025. HMH, formed in October 2021, is a premier drilling solutions provider.

Akastor is a Norway-based oil-services investment company. Questions can be directed to Akastor's cfo, Øyvind Paaske.