After a delay due to the pandemic, CMA CGM SA found a window of opportunity in October to issue new bonds to refinance its outstanding bonds which mature in 2021.

On Monday, SEACOR Holdings Inc. announced that it has entered into a definitive agreement with an affiliate of American Industrial Partners ("AIP"), a New York-based private equity firm that focuses on buying, improving, and growing industrial businesses, to take the company private. The all-cash transaction is valued at approximately $1 billion, including net debt.

Algoma Central Corporation announced this week that it has completed a highly favorable refinancing of its senior secured credit facilities that were due to mature during 2021.

Back on December 17th, Eagle Bulk Shipping announcedthat it had commenced an underwritten public offering of its common stock. Concurrently with that offering, the company also offered to sell its common shares directly to GoldenTree Asset Management ("GoldenTree"), an institutional investor and a current shareholder, in a registered direct offering in an amount equal to what was not sold in the public offering.

In November 2020, Golden Ocean Group Limited finalized a loan agreement to fully refinance the $425.0 million credit facility that was scheduled to mature in March 2021 and is secured by 14 of the company's Capesize bulk carriers.

This marks the final issue of Freshly Minted in 2020. We are happy to put this year in our rear-view mirror and say goodbye.

What can you say about a transaction in which a company can modernize its fleet and create a more focused asset base while reducing its carbon footprint without a cash outlay? Impossible!

As the year was drawing to a close, Scorpio Bulkers Inc. announced that following the wholesale disposal of vessels by the company, its Board of Directors authorized the company to sell its remaining dry bulk vessels and exit the dry bulk sector during 2021 thereby committing to its renewable energy strategy.

Dealogic recently released its Marine Finance Rankings Syndicated Loan report for the first nine months of 2020. As two-thirds of the period were impacted by the pandemic, there was little in the way of surprises.

As November ended, Cadeler A/S, formerly known as Swire Blue Ocean, successfully priced its initial public offering of 37,574,468 new shares at NOK 23.50 per share raising gross proceeds of approximately NOK 883 million.

Capitalizing on the strong container market, Israel-based Zim announced its plan to IPO on the New York Stock Exchange on December 30th. This transaction represents the company's 4th attempt to IPO.

BW Group continues on a roll expanding upon its investments in the gas sector.