Marine Link
Friday, December 9, 2016

Aker Yards to Refinance

March 10, 2006

In order to finance the acquisition in France, already announced, to strengthen the balance sheet as a result of increasing activity, and to make the debt structure more long term, Aker Yards is currently working on re-financing its debt. The current business environment allows the Group to obtain a more optimal debt structure. This includes refinancing of the existing syndicated bank loan, increasing the loan to $149 million, with maturity in 2011, and the issue of two new, seven year bonds. Aker Yards ASA has decided to issue two new Bond loans with a combined total loan amount of up to $89 million. Pareto Securities ASA and DnB NOR Markets have been mandated as arrangers for the new bond issues. The bonds will be senior unsecured, carry a coupon of Nibor/ Swap plus 2.50 percentage points, and will mature in April 2013. Settlement date for the two bond loans is expected to be April 5.


 
Maritime Reporter Magazine Cover Nov 2016 - Workboat Edition

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News