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Company profile

Welltec^® is a global technology company that develops and provides efficient, hi-tech solutions for the energy industry.

The company was founded in 1994 and grew rapidly by supplying innovative robotic technology to oil and gas operators.

In 2010, Welltec introduced a new business segment focused on the development of Completion products. Commercialization of these products began in 2014, and the company is now a global leader in the field of metal expandable packer technology. Welltec’s cutting-edge products and services are designed to optimize the performance and integrity of a well, in any environment.

Through advanced engineering and lightweight design, Welltec’s solutions have helped clients increase operational efficiency and reduce carbon footprints in a safe and sustainable way for more than 25 years.

Welltec operates globally and has in-house manufacturing facilities in Denmark, Brazil, and Saudi Arabia, and design and engineering facilities in Denmark, the USA, Brazil, and Scotland (Aberdeen).

Bond programme

On October 15th 2021, Welltec completed the offering of USD 325,000,000 in aggregate principal amount of its 8.25% Senior Secured Notes due 2026 (the “Notes”).
On September 22nd 2023, Welltec redeemed USD 32,500,000 in principal amount of the Notes. After the 2023 partial redemption, the outstanding principal amount of Notes was USD 292,500,000.
On October 24th 2024, Welltec redeemed an additional USD 57,670,000 in principal amount of Notes. After the 2024 partial redemption, the outstanding principal amount of Notes was USD 234,830,000.
On September 19th 2025, Welltec cancelled USD 77,551,000 in principal amount of Notes held as treasury notes. After the 2025 cancellation, the outstanding principal amount of Notes was USD 157,279,000.

From time to time – in each case based on prevailing market conditions, Welltec’s liquidity requirements, contractual restrictions and other factors – Welltec has reduced its net financial expenses and leverage by repurchasing Notes through open-market purchases and privately negotiated transactions. As of September 22th 2025, Welltec did not hold any treasury notes.

Welltec may continue to reduce its indebtedness, with any such future reduction on such terms and at such prices as Welltec may determine, and depending on prevailing market conditions, Welltec’s liquidity requirements, contractual restrictions and other factors. Such reductions in Welltec’s debt, if any, may occur at any time and from time to time, and the amounts involved may be material.

Outstanding Bonds


Issuer	Welltec
Rule	144A/Regulation S
Amount	USD 157,279,000
Coupon	8.25%
Issue Date	15-10-2021
Maturity	15-10-2026
Interest Date	01-06 & 01-12
ISIN	US95039LAA61(144A) / USK9900LAA19(Reg S)

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Write to Kristiyan Petrov, Director FP&A at krpetrov@welltec.com