Bonheur, the investment holding company for Fred Olsen & Co, has issued NOK 800m ($89.2m) in new senior unsecured bonds.
The placement was oversubscribed and raised NOK 100m more than had been mooted by the company as markets opened in Oslo this morning, according to exchange filings.
The new bond is NOK-denominated, has a floating rate and is due to mature in September 2024. It will be listed on the Oslo Stock Exchange.
Norwegian investment banks DNB Markets and SpareBank1 Markets were joint lead managers in the bond issue.
The last time Bonheur completed a notes issuance was in late 2017, when it raised NOK 500m.
The majority of Bonheur's investments are in renewable energy, offshore wind, shipping and cruise.
In January, Bonheur deconsolidated Dolphin Drilling — previously known as Fred. Olsen Energy — and said it would no longer be a majority shareholder.
Dolphin filed for bankruptcy in June and was rescued by a new buyer, Strategic Value Partners.
Bonheur owns 100% of Fred Olsen Renewables, Fred Olsen Cruise Lines and Fred Olsen Ocean.
The company also is a major shareholder in TradeWinds' parent, NHST Media Group.
