Siem raises NOK 900 million

   Norwegian Siem Offshore has raised NOK 900 million in a private placement directed at professional Norwegian and international investors. Around 105,9 million new shares will be issued in relation to the private placement at a price of NOK 8,50 per share. The share issue represents approximately 41.7 per cent of the current outstanding number of shares in the company.

   We are pleased to see this equity issue in place and that the financing of our extensive newbuilding program is now completed. With a strong balance sheet, we have a solid foundation to further build this company as a leading operator of advanced deep water service vessels to the offshore oil industry”, says Terje Sørensen, CEO of Siem Offshore.

  (Source: Ship Gaz)