ABG Sundal Collier acted as sole manager and bookrunner in connection with the USD 18m bond tap issue by Songa Bulk ASA.

Deal announcement

Songa Bulk ASA (“Songa”) has successfully completed a tap issue of USD 18 million of its outstanding senior secured bond with a borrowing limit of USD 150 million. This was the third time Songa raised capital in the Nordic bond market, and the company has now raised a total of USD 138 million to finance acquisition of dry bulk vessels. The company expects to announce changes to the composition of the fleet shortly.
ABG Sundal Collier acted as sole manager and bookrunner in the transaction.