Atlantic Sapphire - Private Placement - USD 121m

Arctic acted as Joint Global Coordinator and Joint Bookrunner in relation to the Private Placement in Atlantic Sapphire ASA with a total transaction size of USD 121 million.

The net proceeds from the Private Placement Placement will be used for: i) Partly finance Phase 2 construction anticipated to commence in Q2 2021, ii) Acceleration of further expansion (“Grand Master Plan”). Initial, long lead investments and construction of centralized infrastructure such as power and chiller plant that will benefit subsequent buildouts and iii) General corporate purposes. The Private Placement attracted very strong interest and was priced equal to the closing price on Oslo Stock Exchange.

We are grateful for the vote of confidence and congratulate on the successful transaction.

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