PARTIAL REPURCHASE OF EULU01 BOND
ANTWERP, Belgium, 14 September 2021 - Reference is made to the press release of
2 September 2021 where Euronav Luxembourg SA announced the placement of a new
unsecured bond issue of USD 200 million with maturity in September 2026.
In conjunction with the bond issue, the company has bought back USD 131.8
million of the outstanding bond EULU01 (ISIN: NO0010793888) with maturity date
in May 2022.
For further information, please contact:
Mr. Brian Gallagher
Head of IR, Research and Communications & Member of the Management Board
Tel: +44 20 7870 0436
Announcement of third quarter results 2021: Thursday 4 November 2021
About EuronavEuronav is an independent tanker company engaged in the ocean transportation and
storage of crude oil. The Company is headquartered in Antwerp, Belgium, and has
offices throughout Europe and Asia. Euronav is listed on Euronext Brussels and
on the NYSE under the symbol EURN. Euronav employs its fleet both on the spot
and period market. VLCCs on the spot market are traded in the Tankers
International pool of which Euronav is one of the major partners. Euronav's
owned and operated fleet consists of 2 V-Plus vessels, 48 VLCCs (of which four
are under bareboat charter, four are time chartered in and three to be
delivered), 30 Suezmaxes (of which one is in a joint venture, two vessels that
are time chartered in and five vessels to be delivered) and 2 FSO vessels (both
owned in 50%-
50% joint venture).
Matters discussed in this press release may constitute forward-looking
statements. The Private Securities Litigation Reform Act of 1995 provides safe
harbor protections for forward-looking statements in order to encourage
companies to provide prospective information about their business.
Forward-looking statements include statements
concerning plans, objectives, goals, strategies, future events or performance,
and underlying assumptions and other statements, which are other than statements
of historical facts. The Company desires to take advantage of the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995 and is
including this cautionary statement in connection with this safe harbor
legislation. The words "believe", "anticipate", "intends", "estimate",
"forecast", "project", "plan", "potential", "may", "should", "expect", "pending"
and similar expressions identify forward-looking statements.
The forward-looking statements in this press release are based upon various
assumptions, many of which are based, in turn, upon further assumptions,
including without limitation, our management's examination of historical
operating trends, data contained in our records and other data available from
third parties. Although we believe that these assumptions were reasonable when
made, because these assumptions are inherently subject to significant
uncertainties and contingencies which are difficult or impossible to predict and
are beyond our control, we cannot assure you that we will achieve or accomplish
these expectations, beliefs or projections.
In addition to these important factors, other important factors that, in our
view, could cause actual results to differ materially from those discussed in
the forward-looking statements include the failure of counterparties to fully
perform their contracts with us, the strength of world economies and currencies,
general market conditions, including fluctuations in charter rates and vessel
values, changes in demand for tanker vessel capacity, changes in our operating
expenses, including bunker prices, dry-docking and insurance costs, the market
for our vessels, availability of financing and refinancing, charter counterparty
performance, ability to obtain financing and comply with covenants in such
financing arrangements, changes in governmental rules and regulations or actions
taken by regulatory authorities, potential liability from pending or future
litigation, general domestic and international political conditions, potential
disruption of shipping routes due to accidents or political events, vessels
breakdowns and instances of off-hires and other factors. Please see our filings
with the United States Securities and Exchange Commission for a more complete
discussion of these and other risks and uncertainties.
Click here for more information
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