Norway's Ocean Yield is offering a $940,000 sweetener to bondholders to clear its takeover by US private equity giant Kohlberg Kravis Roberts (KKR).

The company has called a meeting of holders of three issues worth a combined NOK 1.625bn ($188m) to approve a change of control of the bonds.

To help this pass on 5 October, the company is offering a fee of 0.5%