Arctic Securities acted as Joint Bookrunner in relation to the Private Placement in Ocean Yield ASA. Through the Offering, Ocean Yield raised gross proceeds of NOK 717 million which will be used to fund new investments as well as for general corporate purposes.
Ocean Yield is a ship owning company with investments within oil-service and industrial shipping. The company focuses on modern assets with long-term charters to solid counterparties. The company has a significant contract backlog that offers visibility with respect to future earnings and dividend capacity. Ocean Yield has an ambition to pay attractive and growing quarterly dividends to its shareholders.
We are grateful for continued vote of confidence and congratulate on the successful transaction!