Paratus Energy Celebrates Major Norwegian Bond Success

Paratus Energy has been lauded by Marine Money for executing one of the joint-largest unrated oil services-related bond issuances in the Nordic market in the past decade. This transaction has made waves by attracting substantial interest from a broad array of global investors. Marine Money highlighted the transaction teams' expertise, including bookrunners, financial advisers, and Norwegian legal counsel, as integral to the flawless execution of the bond deal. Carey Olsen, the Bermuda corporate legal team, played a critical role in advising Paratus Energy, with significant contribution from partner Steven Rees Davies and his team. Partnering with the Norwegian law firm Schjdt, they ensured the deal's success by leveraging their prowess in managing large-scale complex capital market transactions. The issuance was not only a testament to their capacity but was also significantly oversubscribed, underscoring both its attractiveness and significance within the market. Marine Money, recognized as a primary source of maritime finance information, reinforced their focus on fostering connections between shipowners and international capital markets. Carey Olsen Bermuda Limited, which provided the legal advisory, operates under the Bermuda Bar rules.