By Cady Vishniac
Detroit, Dec. 7 – Denmark’s Ziton AS priced €35 million in bonds on Friday through subsidiary SPV Wind Enterprise P/S, according to a market release.
The bonds are expected to be issued on or about Dec. 17.
Pareto Securities AB acted as sole bookrunner.
Proceeds will be used to acquire the jack-up vessel J/U Wind Enterprise, which is currently chartered on a bareboat agreement.
The company had announced that it was considering an equity offering in September, but has decided not to continue discussions with potential investors as a result of the new issue.
Ziton owns, charters, and operates jack-up vessels designed to carry out operations and maintenance services on turbines at offshore wind farms in northern Europe. The company is based in Horsens, Denmark.
Issuer: | SPV Wind Enterprise PS
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Issue: | Bonds
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Amount: | €35 million
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Bookrunners: | Pareto Securities AB
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Pricing date: | Dec. 4
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Settlement date: | Dec. 17
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