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by Stephen Carter
Aug 19, 2025 6:40 AM ET
In the Nordic market Ocean Yield AS (“Ocean Yield” or the “Company”) (OCNYO) has mandated Arctic Securities and Nordea as Joint Global Coordinators together with Danske Bank and DNB Carnegie as Joint Bookrunners to arrange a series of fixed income investor meetings commencing today, Tuesday 19 August 2025. A new USD denominated 5-year senior unsecured floating rate bond issue may follow, subject to inter alia market.
The proceeds from the potential bond issue are to be applied towards refinancing of outstanding debt, to facilitate growth and for general corporate purposes. In connection with the potential bond issue, Ocean Yield will offer a conditional buyback of its outstanding bond with ticker OCY08 (ISIN NO0012863804).
Ocean Yield AS US$150m sr FRN due 2030 (5y). NC3, hereafter callable at par plus 50/37.5/25/12.5% of the margin after 36/42/48/54 months, respectively. Arctic/Nordea jt glocos/Dankse/DNB jt books. List Oslo. Norwegian law. COC at 101.
MiFID II professionals/ECPs/retail clients/No PRIIPs KID – Manufacturer target market (MiFID II and UK MiFIR product governance) is eligible counterparties, professional clients and retail clients (all distribution channels). No PRIIPs key Information document (KID) has been prepared as not deemed within scope.
- Roadshow –
Global investor call #1 (English)
Date: Wednesday, 20 August 2025
Time: 10:00 CEST
Global investor call #2 (English)
Date: Wednesday, 20 August 2025
Time: 15:15 CEST / 09:15 EDT
Management will be available for 1-1 meetings from Tuesday, 19 August 2025.
Biz: a ship-owner with vessels on long-term charters in the oil services and industrial shipping industries. Equity sponsor: KKR. HQ: Lysaker, Norway.
Investor Presentation:
Term Sheet:
ESG Questionnaire: