HMH Holding B.V. – Replacement of Reference Rate for ISIN NO0012428996

Reference is made to the HMH Holding B.V. Bond Terms originally dated 9 February 2022 for the Bonds issued under ISIN NO0012428996. The Reference Rate (US-LIBOR) ceased to be available after 30 June 2023, and the Issuer and the Bond Trustee have agreed a replacement reference rate generally accepted in the market (Compounded Daily SOFR) plus the applicable credit adjustment spread to be effective from 10 August 2023.

The Amendment agreement is published on

About HMH

HMH is a premier drilling solutions provider, which was formed as an independent company in October 2021 through the merger of Baker Hughes’ (NYSE: BKR) Subsea Drilling Systems business and Akastor ASA’s wholly owned subsidiary, MHWirth AS.

HMH combines integrated delivery capabilities, capital, renowned industry expertise and delivers the full range of offshore drilling equipment products and packages at scale. HMH aims to support the industry’s transition toward more energy-efficient solutions, as well as deploying technologies and service solutions to make the sector more competitive through increased drilling efficiency. Moreover, the Company’s service and technology portfolio will be utilized as a springboard for future growth, both within drilling services and when pursuing opportunities towards adjacent industries such as renewables and mining.

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HMH Holding B.V.
Tom McGee – Chief Financial Officer, +1 713 443 5476

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.