Ocean Yield AS (“Ocean Yield” or the “Company”) has today successfully completed a new senior unsecured bond issue of USD 150 million, carrying a coupon of SOFR + 325bps p.a. with quarterly interest payments. The bond issue attracted strong interest and was well oversubscribed.
The net proceeds from the bond issue will be applied towards refinancing of outstanding debt, to facilitate growth, and for general corporate purposes.
Arctic Securities and Nordea acted as Global Coordinators together with Danske Bank and DNB Carnegie as Joint Bookrunners in connection with the placement of the new bond issue. BAHR acted as legal advisor to the Company. An application will be made for the bonds to be listed on Oslo Børs.
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.
Ocean Yield AS is a ship owning company with investments in vessels on long-term charters. The company has a significant contract backlog that offers visibility with respect to future earnings.
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