The facility, whichhas a borrowing limit of NOK 750m, is due to mature in June 2019. It has acoupon of three months NIBOR plus 5%.
Net proceeds from thebond issue will be used for the refinancing of a bond that is due to mature in February2015.
DanskeBank Markets and SpareBank 1 Markets acted as joint lead managers andbookrunners in connection with the placement of the new bond issue.
Olympic Shipping hasjust ordered a second inspection,maintenance and repair (IMR) vessel at Kleven Werft for NOK 450m.
It has a fleet of 21 offshorevessels comprised of four PSVs, four MPSVs, four anchor handlers, nine subseavessels including the two newbuildings and two offshore construction vessels.
