ABG Sundal Collier acted as joint bookrunner to Himalaya Shipping Ltd in its USD 50 million private placement

Himalaya Shipping Ltd, an owner of a twelve dual-fuel (LNG) Newcastlemax newbuilds, has completed a USD 50 million private placement, directed towards selected Norwegian and international financial and industrial investors. The private placement was substantially oversubscribed and thus upsized to USD 50 million, from USD 45 million. Himalaya Shipping Ltd. will use the funds to pay yard instalments in connection with the construction of the vessels – which will be delivered during 2023 and 2024 – as well as general working capital.