EuropeFinance and InsuranceOffshore

Prosafe moves ahead with share placement

The world’s top owner and operator of semi-submersible accommodation vessels, Prosafe has completed a private placement of new shares.

The private placement of minimum $130m and maximum $150m, conducted as an accelerated book-building with preferred allocation for shareholders and bondholders, was fully subscribed.

The new shares will be issued as part of the comprehensive refinancing announced on July 7.

The final amount of new shares to be issued will be determined on the basis of the amount required for the cash-out of bonds under the refinancing.

The new shares will be issued at a subscription price per share of NOK0.25.


Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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