MedservRegis, an integrated logistics specialist primarily servicing the energy (oil and gas) and mining sectors, has announced plans to partly refinance its outstanding bonds, which are due to mature on 5th February 2026, through a new bond issue of up to €25 million.
The company currently has two bonds in issue: €21.98 million in 4.5 per cent euro-denominated unsecured bonds and $8.05 million in 5.75 per cent US dollar-denominated unsecured bonds, both originally issued in 2015.
To address the upcoming maturity, Medserv intends to launch a new bond offering denominated partly in euro and partly in US dollars. The company will shortly submit an application to the Malta Financial Services Authority for approval to list the new securities on the Malta Stock Exchange.
As part of its refinancing strategy, Medserv also said it may repurchase up to €4 million of its outstanding euro bonds on the market before they reach maturity.
The company noted that further details on the bond issue and buyback plans will be communicated in due course.
Earlier this month, the company announced that it had secured a multi-million-dollar marine logistics base contract in Suriname in South America, following an international tender.
The four-year agreement was awarded by a leading multinational oilfield services and engineering contractor, which recently won a major offshore Engineering, Procurement, Construction and Installation (EPCI) project.
Work under the contract is expected to begin in mid-2026, with delivery anticipated to rely on MedservRegis’ existing internal resources, meaning no significant capital expenditure will be required.
