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Transport Finance
Capital Product to issue debt
Athens-based tanker owner Capital Product Partners plans to issue USD140 million of Class B convertible preferred units to a group of investors including Kayne ...
15-May-2012
CAI plans to issue senior debt
San Francisco-based intermodal container lessor CAI International intends to issue USD100 million of fixed-rate senior secured notes in a private placement through subsidiary Container ...
15-May-2012
JTF 445 Shipping bond issuance chart
Date Issuer Arranger Amount ($m) Coupon Due date Status Description Apr-12 Hercules...
10-May-2012
Barge operator signs term loan
Indonesian tug and barge operator Maritim Barito Perkasa has secured a USD160 million, seven-year bank loan from a group of 10 banks. Pricing is ...
09-May-2012
Navios completes follow-on offer
Drybulk specialist Navios Maritime Partners has completed its follow-on offering of 4.6 million common shares at USD15.68 per share, raising gross proceeds of USD72.1 ...
09-May-2012
Bumi Armada pares offering
Malaysian offshore services company Bumi Armada has pared a 440 million share offering as investors balked at the offering and businessman Ananda Krishnan opted ...
09-May-2012
NOL wants revolving credit
Standard Chartered Bank is believed to be co-ordinating a USD100 million revolving credit for Singapore-based container shipping company Neptune Orient Lines (NOL). The unsecured...
08-May-2012
TAL proposes secondary offer
Selling shareholders of container lessor TAL International Group plan to sell an aggregate of five million common shares. Sellers include private equity firms Edgewater ...
04-May-2012
Textainer closes warehouse deal
Container lessor Textainer Group Holdings has closed a USD1.2 billion warehouse securitisation facility. Textainer Marine Containers II Ltd (TMCLII), a new Textainer asset-owning subsidiary, ...
03-May-2012
Citi and JBIC pen SITC deal
Lead arranger Citibank Japan and Japan Bank for International Co-operation (JBIC) are providing loans of an undisclosed size to Hong Kong-based shipowning companies SITC ...
02-May-2012
Brunei Gas lands finance
Bank of Tokyo-Mitsubishi UFJ (BTMU) has been mandated to arrange a USD170 million Sharia-compliant financing for Brunei Gas Carriers (BGC). A deal is likely...
01-May-2012
BLT spreads rise in secondary
Secondary market spreads on a loan to Indonesia's Berlian Laju Tanker (BLT) have risen as the cash-strapped Indonesian operator continues to restructure debts. People...
27-Apr-2012
Indonesia operator eyes debt market
Indonesian tug and barge operator Maritim Barito Perkasa is accessing the debt market for a USD160 million, seven-year facility. The borrower is a subsidiary ...
27-Apr-2012
Tsakos Energy prices shares
Oil and petroleum product specialist Tsakos Energy Navigation has priced 10 million shares in a public offering at USD6.50 per share. Tsakos Holdings Foundation,...
23-Apr-2012
JTF 444 Shipping bond issuance chart
Date Issuer Arranger Amount ($m) Coupon Due date Status Description Apr-12 Hercules...
20-Apr-2012
JTF 444 Shipping dealwatch chart
Date Company Arranger(s) Lender Amount ($m) Vessel(s) Structure Status Apr-12 UASC Burgan...
20-Apr-2012
NOL completes bond issue
Singapore-based container shipping company Neptune Orient Lines (NOL) has raised SGD400 million (USD319.8 million) through the issuance of five-year bonds to fund the expansion ...
20-Apr-2012
NOL bonds back in play
Singapore-based container shipping company Neptune Orient Lines (NOL) has decided to return to the bond market after recently postponing a Singapore dollar-denominated perpetual capital ...
18-Apr-2012
Teekay LNG closes bond issue
Teekay LNG Partners has issued NOK700 million (USD121.9 million) in senior unsecured bonds maturing May 2017. All interest and principal payments will be swapped ...
18-Apr-2012
Scorpio prices private placement
Crude oil and petroleum product specialist Scorpio Tankers has priced a private placement of four million common shares at USD6.75 per share to raise ...
18-Apr-2012
Tsakos Energy plans share offer
Oil and petroleum product specialist Tsakos Energy Navigation plans to offer 10 million common shares in a public offering. Entities affiliated with the Tsakos ...
18-Apr-2012
STX Pan Ocean eyes bonds
South Korean bulk operator STX Pan Ocean plans to return to the bond market with a KRW100 (USD87.7 million) three-year issue. The proposed non-convertible ...
17-Apr-2012
Teekay LNG to issue senior debt
Teekay LNG Partners intends to issue NOK500 million to NOK700 million (USD86.9 million to USD121.8 million) in senior unsecured bonds in the Norwegian bond ...
17-Apr-2012
UASC agrees term loan
Container operator United Arab Shipping Co (UASC) has agreed on a USD150 million facility with Kuwaiti commercial bank Burgan Bank. The funding, which includes...
17-Apr-2012
SeaDrill again postpones IPO
Norwegian oil and gas specialist SeaDrill has again delayed the initial public offering (IPO) of its Brazilian unit in order to evaluate opportunities to ...
17-Apr-2012
*Shipowners hunt down cashflow versus profit
The restructuring of loans for relationship clients was once again the main focus of shipping banks in the first quarter, as charter rates keep ...
11-Apr-2012
Otto lists rights issue terms
Singapore-based offshore vessel builder and operator Otto Marine has announced a renounceable underwritten 1-for-2 rights issue to raise up to SGD75.6 million (USD60 million). ...
11-Apr-2012
Abbot Point loan gets refinanced
Two subsidiaries of the Adani Group - Mundra Port and Adani Abbot Point Terminal - have completed the refinancing of a USD2 billion of ...
11-Apr-2012
Yantian port mandates bond issue
Bank of China and China Development bank have been mandated by Shenzhen Yantian Port Group to lead manage its debut CNY6 billion (USD 948 ...
11-Apr-2012
JTF 443 Shipping bond issuance chart
Date Issuer Arranger Amount ($m) Coupon Due date Status Description Apr-12 Hercules...
11-Apr-2012
JTF 443 Shipping dealwatch chart
Date Company Arranger(s) Lender Amount ($m) Vessel(s) Structure Status Mar-12 China Shipping...
11-Apr-2012
Berlian Laju remains in a bind
Indonesian operator Berlian Laju Tankers (BLT) remains in restructuring talks to iron out debts of USD2 billion. BLT has invoked section 21010 of the ...
10-Apr-2012
Arpeni Pratama is almost there
Indonesian bulk and liquid transportation specialist Arpeni Pratama Ocean Line is on the verge of completing its debt restructuring exercise, with the signing expected ...
10-Apr-2012
Yang Ming places bond issue
Taiwan-based Yang Ming Marine Transportation has placed its second private corporate bond of 2012, sized at TWD4.35 billion (USD147.2 million). The issue comprises a...
10-Apr-2012
NOL postpones bond issue
Singapore-based container shipping company Neptune Orient Lines (NOL) has postponed a proposed issue of Singapore dollar-denominated perpetual capital securities. While NOL did not indicate...
02-Apr-2012
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