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Last week, Odfjell SE successfully completed a new sustainability-linked four-year senior unsecured bond issue of NOK 850 million (~$100 million). Priced at the tight end of initial price talk, the bond carries a coupon of three-month NIBOR plus 5.75% p.a. with quarterly interest payments.

Founded in 2007, majority owned by funds managed by BWB Partners, and headquartered in Denmark, ZITON A/S is the leading provider of major component replacements for the European offshore wind industry.

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.

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.

Last week, Golar LNG Limited announced the successful pricing of its underwritten public offering of 11,000,000 shares of its common stock, at a public offering price of $8.75 per share (price talk of $8.50 to $9.00) raising gross proceeds of $96.25 million. The price reflected a discount of 6.7% from the closing price just prior to the announcement with the shares closing that day at a price of $8.54.

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!

Having Mr. Fredriksen as a shareholder makes anything possible. In this instance, the fallout from the restructuring of the Seadrill obligations has put a strain on SFL Corporation's balance sheet.

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.

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.

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.

Earlier in January, Navios Maritime Partners L.P. ("Navios Partners") and Navios Maritime Containers L.P.("Navios Containers") announced that they have agreed to merge in an all-stock transaction.

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

Making quick use of its continued credit improvements and newly acquired senior securedratingof BBB- and BB corporaterating, Seaspan Corporation, a wholly-owned subsidiary of Atlas Corp. ("Atlas"), issued in a private placement to qualified institutional buyers $201.25million of its 3.75% Exchangeable Senior Notes due 2025 (the "Notes"), comprising the $175 million initial offering amount, plus exercise in full of the over-allotment option for an additional $26.25million of Notes on the back of strong demand.

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.

In accordance with its plans, Nord/LB's shipping loans and loss provisions are down significantly as the Strategic Portfolio Optimization unit continues to reduce the bank's exposure to the industry.

Last week, Global Ship Lease Inc. ("GSL") announced that it had arranged a new senior secured loan facility to refinance its 9.875% First Priority Senior Secured Notes due 2022 ("2022 Notes"). By doing so, it hit the trifecta.

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.

According to the book of Ecclesiastes.... For everything there is a season, which means there's a "right time" for everything. The author of the Old Testament may not have been thinking about ship finance (even though Noah was the owner of a livestock carrier!), but the concept holds true.

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.

Last week, Overseas Shipholding Group, Inc. announced that it had closed a $49,150,000 seven-year senior secured term loan to finance a newbuilding 204,000 barrel U.S. Flag oil and chemical ATB barge, the OSG 205, and to refinance the tug to which the barge is being paired, the OSG Courageous.