Avance Gas Holding has sold out a $55m share sale as part of a deal to cut debt payments to banks.
The Norwegian VLGC owner said it had sold stock in a private placement at NOK 17 ($2.07) per share to raise NOK 455m.
John Fredriksen, Stolt-Nielsen Gas and Sungas Holding all supported the issue to the tune of $10m each.
It immediately announced it would launch a subsequent offering of 2.5m
