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Published on 11/7/2007 in the Prospect News High Yield Daily.

New Issue: Etzen Maritime prices NOK 250 million Nibor plus 305 bps three-year notes

By Paul A. Harris

St. Louis, Nov. 7 - Eitzen Maritime Services ASA priced an NOK 250 million issue of Nibor plus 305 basis points senior unsecured notes on Tuesday, according to a news release Wednesday.

Fearnley Fonds ASA and Nordea Markets are leading the deal.

Proceeds will be used for refinancing of current debt and for general corporate purposes.

Oslo-based Eitzen Maritime provides ship supply, ship logistics, crew management and ship brokerage services.

Issuer:Eitzen Maritime Services ASA
Amount:NOK 250 million
Tenor:Three years
Security description:Senior unsecured notes
Managers:Fearnley Fonds ASA and Nordea Markets
Coupon:Nibor plus 305 bps
Trade date:Nov. 6

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