Investor room
In October 2021, Welltec International ApS completed the issuance of USD 325 million 8.25% Senior Secured Notes.
In October 2021, Welltec International ApS completed the issuance of USD 325 million 8.25% Senior Secured Notes.
Welltec® is a global technology company that develops and provides efficient, hi-tech solutions for the energy industry.
The company was founded in 1994 and grew rapidly by supplying innovative robotic technology to oil and gas operators.
The completion of the USD 325 million aggregate, 8.25% Senior Secured Note offering (‘The Notes’) due in 2026 was announced on September 30, 2021. The 144A/RegS offering drew significant demand from institutional investors in both Europe and the US.
| Issuer | Welltec |
| Rule | 144A |
| Amount | USD 115,050,000 |
| Coupon | 8.25% |
| Issue Date | 15-10-2021 |
| Maturity | 15-10-2026 |
| Interest Date | 01-06 & 01-12 |
| ISIN | US95039LAA61 |
| Issuer | Welltec |
| Rule | Regulation S |
| Amount | USD 209,950,000 |
| Coupon | 8.25% |
| Issue Date | 15-10-2021 |
| Maturity | 15-10-2026 |
| Interest Date | 01-06 & 01-12 |
| ISIN | USK9900LAA19 |
Despite entering into 2021 in a very difficult market with declining spend in the oil and gas business, combined with regional lock downs, that made it very difficult to move staff and equipment around, Welltec achieved an increase in revenue and a positive net-profit, which management find to be a satisfactory result for the year.
While we believe our business to be relatively unaffected by macro-economic factors, it is ultimately affected by the level of expenditures of companies engaged in the production, exploration and development of oil and gas.
A decrease in operating expenditures may have adverse effects on Welltec’s revenue and profits in the shorter term, while a decrease in the capital expenditures may have adverse effects on Welltec’s revenue and profits in the longer term.
Please contact Mr M. B. Rasmussen to obtain your password
Finance director, Treasury
Mads Brixtofte Rasmussen
Welltec A/S