HMH Holding B.V. – HMHH01 – Notice of Confirmation of Conditions

Reference is made to the stock exchange announcements made by HMH Holding B.V. (the “Company”) on 13 November 2023 and 14 November 2023 regarding the Company’s notification to Nordic Trustee AS of its exercise of the call option (the “Call Option Notice”) to redeem all of the outstanding bonds under the bond issue “HMH Holding B.V. FRN Senior Secured Callable Bond Issue 2022/2025” with ISIN NO0012428996 (the “Bond Issue”).

The exercise of the call option is subject to certain conditions being satisfied or waived no later than 22 November 2023 as further set out in the Call Option Notice. The Company hereby confirms that all conditions in the Call Option Notice have been satisfied, and all outstanding bonds under the Bond Issue will be redeemed as planned.

The outstanding Bonds will be repaid at 104.71562% of the Nominal Amount (plus accrued and unpaid interest on the redeemed amount), with settlement date 28 November 2023. Please refer to the Call Option Notice for further information.

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

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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For further queries, please contact:
Thomas McGee, Chief Financial Officer, +1 713 443 5476,