Golden Energy Offshore Services AS, a subsidiary of Victor Restis controlled Golden Energy Offshore AS, based in Norway, has successfully completed a secured bond issue of NOK 370 million (61 USD million) maturing May 2017.

The proceeds from the bond sale are heading towards refinancing all existing group debt. An application for a bond listing on the Oslo Stock Exchange is on track.

Per Ivar Fagervoll, CEO of Golden Energy Offshore, underlines that “the secured bond placement is yet another major milestone marking the company’s assured and enhanced position for growth. The successful refinancing of the company gives us both resilience and a clear path for the attainment of our strategy.”

Golden Energy Offshore is based in Ålesund, Norway and has a fleet of seven owned and managed platform supply vessels.

Restis Group acquired Golden Energy Offshore in July 2010 from Aries Maritime controlled by Gabriel Petridis.

Victor Restis is among the leading Greek shipowners who have private shipping companies not listed on stock exchange, according to data released by Clarkson Research Services Limited.

More specifically, he is second in the agency’s golden list with the shipping company Enterprises Shipping, which has a fleet comprised of 81 ships totaling a capacity of 7,185 million tons, with an average of 88,708 tons.

It should be noted that Greece controls 15.17% of the world commercial fleet, based on tonnage, with 164 million tons. It also has the third most expensive fleet in the world, worth $72 billion, based on the ships and their running market value.