Norwegian owner Belships has successfully raised NOK72.6m ($8.3m) through the allocation of 10.37m new shares.
Danske Bank, Norwegian Branch, DNB Markets, a part of DNB ASA, and Pareto Securities acted as joint lead managers and bookrunners for the private placement.
“We are pleased to have reached another important milestone for the company. We will continue to execute our growth strategy with the aim of value creation, increasing the liquidity and attractivity of owning our shares,” said Lars Christian Skarsgård, CEO of Belships.
Belships has been active on the secondhand bulker market lately, having acquired three bulkers including two supramaxes and one ultramax.
The company also secured a loan facility of $140m in March, most of which will be used for existing loan replacement with $30m allocated for fleet expansion.
Belships currently owns a fleet of 15 bulkers, with one ultramax newbuilding on order.