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Investor Room

In November 2017, Welltec A/S completed the issuance of USD 340 million 9.5% Senior Secured Notes.

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COMPANY PROFILE

We are a leading provider of robotic intervention services and completion products & solutions to the oil and gas industry. Our pioneering technology enables operators to optimize the management and development of their assets throughout their life cycle. We address the factors that maximize value creation, continuously innovating to reduce well construction time, speed up access to the hydrocarbons, and increase reservoir contact over a prolonged time period, while minimizing operating downtime. 

We allow operators to avoid the use of rigs, significantly reducing the industry’s energy consumption and carbon emissions, and our ability to operate in extended reach and horizontal wells allows also operators to drill multiple wells from the same topside location, thereby further reducing the environmental footprint.

Headquartered in Switzerland, Welltec operate globally and have in-house manufacturing facilities in Brazil, Russia, Denmark and Saudi Arabia and design and engineering facilities in USA, Brazil, Aberdeen, Denmark and Switzerland.

Welltec is privately owned by its CEO & founder and 2 large well established European family offices. Welltec employees own around 5% of the company.

Investor room contact

Please contact Ms B Kjelmann to obtain your password

Bjørg Kjelmann

Personal Assistant to the CEO

Scandinavia

+45 5073 1336

Bond Programme

On November 28, 2017, we announced the completion of our USD 340 million aggregate, 9.50% Senior Secured Note offering (‘The Notes’). Due in 2022, the 144A/RegS offering drew significant demand from institutional investors in both Europe and the US.

OUTSTANDING BONDS

Issuer Welltec
Rule 144A
Amount USD 236,138,000
Coupon 9.50%
Issue Date 28-11-2017
Maturity 01-12-2022
Interest Date 01-06 & 01-12
ISIN US950399AB10
Issuer Welltec
Rule Regulation S
Amount USD 103,862,000
Coupon 9.50%
Issue Date 28-11-2017
Maturity 01-12-2022
Interest Date 01-06 & 01-12
ISIN USK9897UAB46