Norwegian shipowner Klaveness Combination Carriers (KCC) is to raise more money through tapping a bond issue it sold in January.
The Oslo-listed owner of vessels that can carry tanker and bulker cargoes said it has brought in Danske Bank, Nordea, Pareto Securities and SEB to arrange a series of fixed-income investor calls starting on Wednesday.
Subject to market conditions, it is planning to expand its issue maturing in February 2025.
It has not specified a target amount, but said proceeds from the potential tap issue will be used for general corporate purposes.
The company has previously said it would need to raise new funds to press ahead with options for Cleanbu carriers it is holding in China.
The bond in question was sold in January, as KCC refinanced at a lower interest rate.
The shipowner placed a new senior unsecured issue in Oslo worth NOK 500m ($54.37m).
The debt carries a coupon of Nibor plus 4.75%.
Bond interest growing
The Oslo bond window has swung open again in recent weeks.
Last month, car carrier giant Wallenius Wilhelmsen banked $224m after selling a bond there.
The move came as US-listed LPG carrier owner Navigator Holdings met investors for a potential issue, and Norwegian shipping investment company Kistefos raised $114m in new bonds, which it will use to refinance existing debt and bolster working capital.
