Boskalis issue oversubscribed

DREDGING giant Boskalis has completed a US$450m private placement notes program, together with available cash, to repay a €400m(US$514m) bridge facility linked to the acquisition of Smit, the fellow Dutch maritime services company.

The program, with 26 institutional investors in the US and UK, was “significantly oversubscribed,” Boskalis said.
It consisted of three tranches with maturities of seven, 10 and 12 years and was issued in US dollars and sterling.
 

...

This full article is available to Lloyd's List DCN subscribers only.

If you are already a subscriber, please sign in below.

If you're not a subscriber and would like to experience the full benefits of Lloyd's List DCN with a 14 day trial, please click here.

Alternatively, click here to subscribe.

Please log in

Forgot your password?

If you have forgotten your password, click here to retrieve it.

Login Name

Password

Daily Top Stories

• Rena officers sent to prison
• New salvage facility for Cairns
• Worker dies in Newcastle wharf tragedy
• Major supramax markets diverge
• Panama Canal fees hike planned for July
• 12% of world tanker fleet facing scrapping