BW Offshore: Update on financing arrangements Update on financing arrangements In order to optimise its current financing structure, BW Offshore Limited (the “Company“) has been in dialogue with certain bondholders to ensure alignment of certain of its financial covenants in the outstanding bond (BWO06, ISIN NO0013077560) to its other senior debt facilities. Based on the feedback received, the Company has decided not to proceed with the contemplated amendments of BWO06. For further information, please contact:Ståle Andreassen, CFO, or About BW Offshore:BW Offshore engineers innovat...
                                            BW Offshore: First Gas achieved on the BW Opal FPSO First Gas achieved on the BW Opal FPSO BW Offshore is proud to announce that the BW Opal FPSO has achieved First Gas on 20 September, after successfully reaching Ready for Start-Up (RFSU) for the Santos operated Barossa LNG project on 16 September, initiating 60% of the contractual dayrate under the charter. First Gas represents a critical juncture in the formal transition from project to operations phase and demonstrates BW Opal’s readiness to deliver stable energy production. The next milestone, Interim Performance Test (IPT), will in...
                                            BW Offshore: Exercise of employee share options Exercise of employee share options BW Offshore has completed an exercise window under its Long-Term Incentive Program (LTIP), during which a total of 672,027 options were exercised by primary insiders. The Company's obligation under the program was settled using cash. The exercise price is NOK 37.35, corresponding to the five-day volume-weighted average price (VWAP) from 28 August 2025 to 3 September 2025, inclusive. The following primary insiders participated in the exercise window: Marco Beenen, Chief Executive Officer, has exercised 306,...
                                            BW Offshore: Completed refinancing into new USD 220 million Revolving Credit Facilit Completed refinancing into new USD 220 million Revolving Credit Facility BW Offshore Limited is pleased to announce the successful refinancing of its existing Revolving Credit Facility into a new USD 220 million facility, maturing on 10 November 2028. The new facility provided by a consortium of 9 international banks, is priced at a margin of 250 basis points above USD SOFR. “We are pleased with the confidence our banking partners have shown in BW Offshore. The refinancing of our revolving credit facilit...
    
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