Altera plans up to $250 million four-year bonds, sets investor calls

By William Gullotti

Buffalo, N.Y., Nov. 23 – Altera Shuttle Tankers LLC plans to hold fixed-income investor calls starting Thursday for a potential offering of up to $250 million of four-year senior bonds, according to an announcement on Tuesday.

The company appointed DNB Markets and Nordea as joint bookrunners and Danske Bank and SEB as joint lead managers.

According to the announcement, terms of the contemplated bond issue will include a no dividend restriction for the full tenor of the bonds.

If the considered issuance is completed, proceeds will be applied toward refinancing outstanding senior bonds maturing August 2022 and for general corporate purposes.

Formed in 2017, Altera Shuttle Tankers is a subsidiary of the Aberdeen, U.K.-based Altera Infrastructure Holdings LLC.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.