UAE offshore shipowner Topaz Energy and Marine is selling $375m of notes as it refinances a tranche due next year.
The company has priced the series and expects to close the deal on 26 July.
It will pay interest of 9.125% through to 2022.
The cash will buy back the existing $350m, 8.625% notes due next year.
Topaz logged a loss of $3.3m
