Dof has secured NOK 850m ($99m) from a rights issue to all but seal a major refinancing package.

Oslo-listed Dof says it has received subscriptions for 1.057 billion shares, towards the top end of its target range.

Cash will be used to repay bond debt as a key part of a financial overhaul laid out in June.

Mons Aase, chief executive of Dof, told TradeWinds the outcome was close to perfect for the company.

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