Bluewater taps banks, eyes $240 million offering of four-year notes

By Paul A. Harris

Portland, Ore., Oct. 13 – Bluewater Holding BV mandated DNB Markets and Pareto Securities to arrange meetings with fixed income investors starting on Friday, according to a market source.

A $240 million offering of four-year senior notes may follow, pending market conditions.

The Hoofdorp, Netherlands-based company would use the proceeds to pay off its $200 million 10% senior notes due 2023 and its revolving credit facility and for general corporate purposes.

Bluewater Holding provides equipment and services to support offshore oil and gas exploration and production. It has operations in the United Kingdom, Angola, Nigeria, China and Brazil.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.