Ocean Yield AS ("Ocean Yield" or the "Company") is pleased to announce that it has agreed to purchase infrastructure fund CVC DIF’s share in the French company Geogas LNG, providing an indirect economic interest of up to 34% in France LNG Shipping SAS (“FLS”). FLS owns a portfolio of LNG carriers on long-term charters and is 50/50 owned by NYK and Geogas LNG. Six vessels are currently on the water with an average age of three years, with further two being delivered in 2024 and 2025. Four additional newbuildings are expected to be novated to FLS at or around closing of the transaction and will be delivered in 2027. All vessels are employed on long-term charters to tier-one investment grade-rated European energy companies, with an average contract duration of 10 years, or 14 years including extension options. Based on an indirect economic interest of 34%, the transaction will add approximately USD 840 million to Ocean Yield’s EBITDA backlog. Closing of the transaction is expected to occur during the second half of 2024, subject to certain customary conditions. Chief Executive Office Andreas Røde said in a comment: “We are pleased to partner with NYK, Geogas Maritime and Access Capital Partners for our first transaction in the LNG segment. FLS controls a fleet of modern LNG carriers with a low carbon footprint and long-term charters to investment grade-rated counterparties.” Advokatfirmaet BAHR AS and Stephenson Harwood LLP acted as legal advisors to the Company in connection with the transaction.
Ocean Yield AS
Sjøtransport
LYSAKER, Lysaker 3,261 følgere
Investing in vessels on long-term charters
Om oss
Ocean Yield is a ship-owning company with investments in vessels on long-term charters. The company focuses on modern assets with long-term charters to creditworthy counterparties. The company has a significant contract backlog that offers strong visibility with respect to future earnings. Ocean Yield was established in March 2012 and was listed on the Oslo Stock Exchange in July 2013. In late 2021 Octopus Bidco AS, a company indirectly wholly owned by funds advised by Kohlberg Kravis Roberts & Co. L.P. and its affiliates ("KKR"), acquired all shares in Ocean Yield.
- Nettsted
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http://www.oceanyield.no
Ekstern lenke til Ocean Yield AS
- Bransje
- Sjøtransport
- Bedriftsstørrelse
- 11–50 ansatte
- Hovedkontor
- LYSAKER, Lysaker
- Type
- Privateid selskap
- Grunnlagt
- 2012
- Spesialiteter
- Shipping, Long-term charters
Beliggenheter
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Primær
Få veibeskrivelse
Oksenøyveien 10
LYSAKER, Lysaker 1366, NO
Ansatte i Ocean Yield AS
Oppdateringer
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We are proud to support Zuccarellostiftelsen as most of our employees prepare for Oslo Maraton AS in September!
Løp med oss under Oslo Maraton så flere barn og unge kan stille på startstreken. Ocean Yield AS skal løpe for Zuccarellostiftelsen 21. september og er allerede godt i gang med fellestreninger. Våre støttespillere ABB og Energima Gruppen er også i gang med forberedelser. Gjennom vårt samarbeid med Oslo Maraton AS har Zuccarellostiftelsen 125 startplasser til løpere som ønsker å stille på startstreken for barns idrettsglede og tilhørighet. Påmeldingen gjelder valgfri distanse og inkluderer startnummer, t-skjorte, “after-run” og støtte til vårt arbeid for barn og unge. Mer informasjon her: https://lnkd.in/e6jN8T76 Ta kontakt med partneransvarlig Øystein Moen, oystein@zuccarellostiftelsen.no, for å melde på deg og dine kolleger. Kathrine Astrup Kristine Alcocer-Lind Erik Hiller Holom Eirik Eide Even Ringheim Karl Fredrik Schjøtt-Pedersen Cecilie Marie Kolderup Thea Wevelstad Kristin Sletvold Vik Andreas Reklev Andreas Røde Mike Emery Karoline Dyhre Breivang Anne Gro Johansen Mads Helmich Pedersen Øystein Moen Tormod Johansen Morten Hofgaard Jørstad
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