Northern Ocean to repay drawn bridge debt, pay USD 11.7 million PIK interest after private placement

• Northern Ocean completed a USD 71.7 million private placement to fund repayment of any drawn amount under its USD 35 million Bridge Facility.
• Approx. USD 11.7 million of Payment in Kind interest accrued under Sterna financing will be paid upon completion of the placement.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Northern Ocean Ltd. published the original content used to generate this news brief via NewsWeb, the disclosure sustem operated by Euronext Oslo (Ref. ID: 202610061548OSLOBORSNEWS__EN_84139EEAD439EDC26BCF48AAD13E8D8), on October 06, 2026, and is solely responsible for the information contained therein.