Oslo-listed product tanker unit of BW Group, Hafnia, is seeking to elevate as much as $100m in a personal placement of latest widespread shares and has engaged SEB Company Finance, Skandinaviska Enskilda Banken, Clarksons Platou Securities, and Fearnley Securities to help the corporate within the course of.
The non-public placement is directed in direction of Norwegian traders and worldwide institutional traders, with the online proceeds for use to optimise the corporate’s debt construction and strengthen the steadiness sheet on account of the current progress, in addition to for different normal company functions, equivalent to working capital for the brand new fleet.
“The current transactions, which noticed us add 44 fashionable tankers to our fleet, consolidated our place because the world’s main product and chemical tanker transport firm. The truth that main institutional traders have been keen to obtain Hafnia shares as fee, solely demonstrates Hafnia’s agency foothold available in the market. We’ve got now turned to the market to optimise our capital construction within the wake of those important transactions,” Mikael Skov, Hafnia CEO defined.
The applying interval commenced on Might 4, 2022, and can shut on Might 5, 2022. The minimal order dimension within the non-public placement is a NOK quantity equal to €100,000 ($105,460). Hafnia commercially operates a fleet of 247 vessels, together with newbuilds, of which 149 are owned or chartered-in. The corporate reported a internet revenue of $21.3m for Q1 2022, with earnings per share of $0.05.