EuropeFinance and InsuranceOffshore
Odfjell raises $61m with new bonds issue
Norwegian firm Odfjell has successfully completed a new unsecured bond issue of NOK500m ($61m) with maturity date in September 2019.
The net proceeds from the contemplated bond issue will be used for general corporate purposes, including part refinancing of existing bonds and potential future growth opportunities.
DNB Markets and Nordea Markets acted as joint lead managers in connection with the placement of the new bond issue.
Last month another Odfjell company, Odfjell Drilling, closed a $525m refinancing deal with DNB Bank for its semi-submersibles Deepsea Atlantic and Deepsea Stavanger.