Aker Yards to Refinance

Friday, 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 June 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Tideland Introduced New Navigation Aids at Seawork

Tideland Signal Corporation (Tideland) introduced a number of new innovative aids to navigation (AtoN) products at Seawork 2015, including SB-1800, the newest member

Navis N4 TOS Open in Liverpool Terminal

Peel Ports, owners and operators of the Port of Liverpool, has achieved a major milestone in its multi-million investment program to transform the port into Europe’s

K&L Gates Welcomes Martinko

The Washington D.C., office of global law firm K&L Gates LLP has welcomed Stephen Martinko as a government affairs counselor in the public policy and law practice.

LNG

Drydocks World Completes World’s Largest Turret

Drydocks World the leading provider of maritime and offshore services to the shipping, oil, gas and energy sectors marked a major milestone in successfully completing

CNOOC Acquires Asia's 1st LNG Powered Tug

China National Offshore Oil Corporation (CNOOC) has taken delivery of Asia’s first tugboat Hai Yang Shi You 525, designed to operate solely on liquefied natural gas as ship’s fuel.

Teekay LNG Partners Declares Distribution

Teekay GP LLC, the general partner of Teekay LNG Partners L.P. has declared a cash distribution of $0.70 per unit for the quarter ended June 30, 2015. The cash distribution is payable on August 14,

 
 
Maritime Contracts Maritime Security Offshore Oil Pipelines Pod Propulsion Ship Electronics Ship Repair Ship Simulators Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1691 sec (6 req/sec)