October 15, 2025
ALLERØD, Denmark, Oct. 15, 2025 — Welltec®, a global technology company that develops and provides efficient, hi-tech solutions for the energy industry, has entered into a new refinancing agreement with a Nordic bank consortium. The agreement reflects Welltec’s strong financial position, results achieved, and discipline displayed in the period 2021-2025.
The new financing structure is tailored to support the company’s continued growth and strategic ambitions. The refinancing was completed on attractive terms and conditions, underscoring the banks’ confidence in Welltec’s business model and leadership.
“Since our last refinancing, we have significantly expanded and diversified our offering to the clients and simultaneously delivered strong financial results on both revenue and earnings. This new agreement strengthens our financial flexibility and provides a solid foundation for executing our next phase of growth,” says Michael Christensen, CFO of Welltec.
The banking consortium consists of the Norwegian banks DNB, SpareBank 1 Sør-Norge, and the Danish bank Sydbank. Their commitment is a clear endorsement of the positive development and solid fundamentals of the company.
The refinancing takes effect as of October 15, replacing the previous High Yield US bond from 2021.
Welltec would like to thank its former bondholders for their long-term support and trust.
About Welltec
Welltec® is a global technology company committed to optimizing energy for the future. Since our beginning in 1994, we’ve pioneered innovative solutions for oil and gas operators, rapidly expanding to become a leader in high-tech completion, intervention, and new energy solutions.
As the energy industry evolves, so does Welltec. Our solutions address the critical demands of today’s industry by focusing on three core areas: maximizing reservoir contact with advanced completion technologies; optimizing recovery through fast, efficient, lightweight intervention services; and minimizing environmental impact via sustainable energy solutions, including geothermal energy and carbon capture, utilization, and storage (CCUS).
With more than 30 years of experience, Welltec is shaping the future of energy, collaborating with partners to deliver innovative solutions that enhance efficiency, ensure operational excellence, and drive sustainable energy advancements.