Golden Energy Offshore Services AS, a subsidiary of Golden Energy Offshore AS, has successfully completed a secured bond issue of NOK 370 million (appr. US$61 million) with maturity in May 2017. The proceeds from the bond have today been drawn to repay all existing group debt and an application for the bonds to be listed on the Oslo Stock Exchange will be made, the Company said in a press release.
Per Ivar Fagervoll, CEO, Golden Energy Offshore stated: “With a history dating back 85 years, Golden Energy's secured bond placement is yet another major milestone that marks our assured and enhanced position for growth. The successful refinancing of the company gives us both resilience and a clear path for the attainment of our strategy."
Sparebank 1 Marked acted as sole arranger in connection with the placement of the new bond issue. Wikborg Rein acted as legal advisor to the arranger and BA-HR was legal advisor to the issuer.
About Golden Energy
Golden Energy Offshore is a fully integrated ship owning company located in Ålesund, Norway with all management functions in-house.