Golden Energy raises $61m

Victor Restis-controlled Golden Energy Offshore Services has refinanced its debt with a bond sale in Oslo.

The Norway-based company said the secured issue was worth NOK 370m ($61m). It matures in May 2017.

The notes will be listed in Oslo.

CEO Per Ivar Fagervoll said: “With a history dating back 85 years, Golden Energy's secured bond placement is yet another major milestone that marks our assured and enhanced position for growth.

"The successful refinancing of the company gives us both resilience and a clear path for the attainment of our strategy."

Sparebank 1 Marked acted as sole arranger.