With a unique and niche business model, Klaveness Combination Carriers successfully price a new five-year senior unsecured bond issue of NOK 500 million, with a coupon of 3-month NIBOR + 475 bps.

As traditional lenders scale back their portfolios, limiting their focus to core clients, it is a good time to be an alternative capital provider to the shipping industry. More specifically, it could not be a better time for SFL Corporation Ltd. ("SFL"), the new nom de guerre of what was previously known...

Early last month, BW Offshore Limited ("BWO") successfully placed $297.4 million of its senior unsecured convertible bonds due 2024. The final pricing was concluded at attractive terms to the company with the bonds having a fixed coupon of 2.50%, and a conversion premium of 37.5 percent.

In lieu of their traditional highly-structured transactions, Flex LNG'sOystein Kalleklevand his lieutenantHarald Gurvinopted for one-stop shopping in Korea to finance all five of the company's 2020...

Although refinancing begins with an immediate problem, CFOs these days are charged not simply with finding an expedient solution, but one that accomplishes much more. No longer is it about simply pushing maturities into the future. The refinancing required should, in addition, position the company for the future by providing financial and strategic flexibility.

At the end of the last year, Diamond S Shipping Inc. announced today that it had closed on a five-year $525 million credit facility, comprised of a $375 million term loan and a $150 million revolving credit facility.

In a remarkable span,Ocean Yield ASA, acquired 4 x LR2s, raised NOK 717 million (~$78 million) in equity in a private placement and issued a...

Last week,GasLog Ltd.successfully placed NOK 900 million of senior unsecured bonds due in November 2024.The bonds were priced with a coupon of three-months NIBOR + 6.25%, a discount of...

Höegh LNG Holdings Ltd.'s bankers called for investor meetings to consider a new bond issue on Monday and sold the deal on Friday, without apparently breaking a sweat. Perhaps that's typical, but from the perspective of an outsider it was quick work.

Benefitting from both a strategic restructuring of its fleet, the strengthening of its balance sheet and an improving tanker market, International Seaways announced on Monday that it had received a commitment for up to $380 million of senior secured credit facilities.

Was it simply a case of cold feet or has the market gotten ahead of itself? The stars have been aligned for months. Analysts, in near unanimity, have declared the implementation of IMO 2020 as the tanker industry's savior...

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