John Fredriksen’s Ship Finance International has tapped into an existing bond for additional capital.
New York-listed Ship Finance has added NOK 100m ($11m) from a bond set for maturity in September 2023.
The tap is a small chunk of capital for a company which invested around $1.2bn last year across a number of notable transactions.
The bond is now valued at NOK 700m and the cash is earmarked only for “general corporate purposes”.
Ship Finance has focused invested activity on containership assets during the past year.
However, its management team, led by chief executive Ole Hjertaker, has been vocal about the opportunity to grow in other asset classes.
