Boa Offshore to Refinance Debt via Bond Loan
- Business & Finance
Boa Offshore AS is contemplating to issue a new unsecured bond loan in the Norwegian bond market with maturity in December 2018.
The purpose of the loan is refinancing of existing debt and for general corporate purposes.
In conjunction with the contemplated bond issuance, Boa Offshore AS will consider buying back bonds maturing in March 2015 (BOAO01 PRO, ISIN NO 001 0664899).
Pareto Securities AS and Sparebank 1 Markets AS have been appointed as arrangers of the new contemplated bond issue.
BOA Offshore has been providing offshore services since the 70′s. Over the past 30 years, the Company has gradually expanded and is today operating a diversified fleet of about 30 units consisting of modern tugs, offshore vessels, construction vessels and both flattop- and semi-submersible barges.
The main activities today for BOA are Sea transportation on barges, Load-out and launching of heavy objects, Rig moves and general supply to the offshore industry, Subsea installations and construction work, Provision of harbour towages and terminal operations in the ports between Trondheim and Kirkenes, Coastal towages and Salvage operations.
The main office is located in Trondheim, Norway.
November 29, 2013