The shipowner issued a new bond maturing in 2021 with cash set to refinance bond debt due in 2018 and 2020.
It raised an initial NOK 300m ($35.2m), with the potential to grow the overall purse to NOK 500m.
Lasse Kristoffersen, chief executive of Torvald Klaveness, says the company does not need the extra cash now, but having the option to expand the bond will allow for quick access to the additional capital longer-term.
