ABG Sundal Collier acted as Joint Global Coordinator and Joint Bookrunner in the NOK 350m private placement and upcoming listing of Klaveness Combination Carriers ASA

 
Klaveness Combination Carriers ASA (“KCC”) announced on 15 May 2019 the successful completion of a NOK 350 million private placement. In connection with the Private Placement, the Company will issue 7,368,000 new shares (the “New Shares”) at a price of NOK 47.50 per share raising gross proceeds to the Company of NOK 350 million. In addition, the Joint Bookrunners have over-allotted additional 382,000 shares (the “Additional Shares”), representing approximately 5% of the number of New Shares. A total of 7,750,000 shares (the “Offer Shares”) were allocated in the Offering. KCC will on 15 May 2019 apply for listing of all shares in the Company (the “Shares”) on Oslo Axess with an expected first day of trading on or about Wednesday 22 May 2019. The net proceeds from the Private Placement will be used to finance the equity portion of two options for the construction of a seventh and eighth CLEANBU newbuild at Jiangsu New Yangzi Shipbuilding Co., Ltd. in China with scheduled deliveries in Q1 2021.
ABG Sundal Collier acted as Joint Global Coordinator and Joint Bookrunner in the private placement and upcoming listing of Klaveness Combination Carriers ASA
About Klaveness Combination Carriers
KCC is the world leader in combination carriers, owning and operating currently nine CABU and one CLEANBU combination carriers with another five CLEANBU combination carriers on order for delivery in the period May 2019 – October 2020. KCC’s combination carriers are built for transportation of both wet and dry bulk cargoes, being operated in trades where the vessels efficiently combine dry and wet cargoes with minimum ballast. In wet mode the CABUs are designed to carry heavy liquid cargoes, such as caustic soda solution (the “CSS”), while the CLEANBUs are designed to carry both clean petroleum products (the “CPP”) and CSS.