Fred Olsen holding company Bonheur is plotting a new bond sale in Norway.
The five-year debt will be arranged by DNB Markets, but no value was revealed.
The move comes as the shipowner announced a net loss for the first quarter of NOK 148m ($17.21m), from a profit of NOK 211m in 2016.
Revenue declined to NOK 2.35bn against NOK 3.28bn the year before.
Offshore drilling produced EBITDA of NOK 345m, down from NOK 1.2bn, while shipping and offshore wind operations logged NOK 96m, turning around a loss of NOK 97m last year.
Utilisation for the division's ships was 100%, from 40% in 2016.
Bonheur's four cruiseships made a profit of NOK 19m, down from NOK 30m.
Their revenue was lower at NOK 480m, compared to NOK 497m a year ago.
The result was hit by a 16% decline in the Norway/UK currency rates.
The number of passenger days hit 271,634 from 259,146 a year ago, and net ticket income per day rose 8%.
