Ocean Yield has secured repeat business with Interlink Maritime acquiring a sixth handysize bulker from the Carlyle Group-backed owner.
As with the previous deals the Oslo-listed leasing company has bareboat chartered the vessel back for 10 years.
The purchase price is $18m net of pre-paid charter hire, with the vessel expected to be delivered from the shipyard by the end of September 2019.
Interlink will have certain options to either sell or acquire the vessel during the charter period, Ocean Yield said in a statement Monday.
Founded in 1979 by Paul Gurtler, Interlink owns a fleet of 28 handysizes, including three newbuildings.
Ocean Yield initially acquired five handysize bulkers from Interlink in February last year in a deal that also involved 10-year bareboat charters.
Fresh debt
The company also issued a new perpetual hybrid callable bond issue of $125m, carrying a coupon of three months Libor plus 6.5% with quarterly interest payments.
Proceeds from the oversubscribed bond will fund general corporate purposes, including new investments, and will be ledgered as book equity under outstanding senior unsecured bonds.
Arctic Securitie, DNB Markets, Nordea Bank, Pareto Securities and Skandinaviska Enskilda Banken acted as joint lead managers for the issue, which Ocean Yield looksto list in Oslo.
