Twma, a drilling waste specialist, has placed $72 million of senior secured fixed rate bonds that will be listed on the EuroNext ABM in Oslo.
Following further
expansion in the Middle East and the opening of an advanced and
self‑sustaining drilling waste management facility in Habshan, UAE.
The bond will also
support our continued global geo‑market expansion strategy, as demand for our
RotoMill technology continues to grow, with operators and regulators
increasingly adopting best environmental practice.
The issuance of the
bond underscores the growing confidence in the drilling waste management market
and highlights the strength of the Twma team, whose innovation and world‑class
execution continue to set new standards of service for customers across the
globe.
Halle Aslaksen, Twma CEO, said: “We sincerely appreciate the strong support from both existing and
new bondholders. This financing enables Twma to continue delivering on its
strategic priorities, and we are excited about the opportunities ahead.”
Settlement of the New
Bonds is expected to take place on February 10, 2026.
The New Bonds will
have a tenor of three years.
Pareto Securities
acted as Sole Bookrunner in connection with the bond issue. -TradeArabia News Service
