Havyard Group ASA contemplates the issuance of a new senior unsecured bond in the Norwegian bond market with maturity in June 2017.
The purpose of the bond issue is to optimize the capital structure of the company and will be used for general corporate purposes of the group, part of the net proceeds may be used for distribution to shareholders and refinancing of existing debt arrangements.
Fearnley Securities AS is acting as sole lead manager for the contemplated bond issue. An application will be made for the bonds to be listed on Nordic ABM.
Norway-based Havyard delivers ship designs, ship equipment and construction of advanced vessels for offshore oil production, fishing and fish farming for shipyards and shipowners worldwide.