Ziton has raised €35m through a bond issue to finance the acquisition of jack-up vessel Wind Enterprise currently being chartered on a bareboat agreement by the company.
Ziton will acquire Wind Enterprise through a special purpose vehicle.
The new bonds are expected to be issued by 17 December 2020.
Ziton holds the option to acquire the vessel at a predetermined price through a call option with final exercise date on 20 December 2020.
Pareto Securities acted as sole bookrunner.
The bond issue was pre-committed for the full amount at transaction launch.
With reference to a stock exchange announcement in September, Ziton has consequently decided not to continue discussions with potential industrial and financial investors concerning a possible equity offering in the company.