Klaveness Combination Carriers announces completion of private placement and option for seventh and eight combination carrier newbuild
Subsequent to the today’s successful completion of a private placement with gross proceeds of NOK 350 million, and an additional overallotment of about 5%, Klaveness Combination Carriers ASA (“KCC”) will apply for listing at the Oslo Stock Exchange/Oslo Axess. First day of trading is expected to be on or about May 22nd, 2019, the company said in its release.
Following the successful private placement, KCC has declared two options for the construction of the seventh and eight CLEANBU combination carrier with Jiangsu New Yangzi Shipbuilding Co., Ltd in China. The two newbuilds are scheduled for delivery in January and February 2021. Following the declaration, the KCC fleet will grow to 17 vessels within 1st quarter of 2021. The company holds options for further vessels.
The company announced in March, 2019, that it had retained ABG Sundal Collier ASA, Clarksons Platou Securities AS and SEB Corporate Finance (a part of Skandinaviska Enskilda Banken AB (publ) Oslofilialen) as its advisors in connection with the previously announced contemplated listing of the Company’s shares on the Oslo Stock Exchange. This transaction is now completed.
About Klaveness Combination Carriers ASA:
KCC is the world leader in combination carriers, owning and operating currently nine CABU and one CLEANBU combination carriers with another seven CLEANBU combination carriers on order for delivery in the period May 2019 – February 2021. KCC’s combination carriers are built for transportation of both wet and dry bulk cargoes, being operated in trades where the vessels efficiently combine dry and wet cargoes with minimum ballast. In wet mode the CABUs are designed to carry heavy liquid cargoes, such as caustic soda solution (the “CSS”), while the CLEANBUs are designed to carry both clean petroleum products (the “CPP”) and CSS.