HEA Energy has announced a USD 550 million senior secured bond to expand its offshore wind vessel fleet, including self-propelled, self-elevating support vessels (SESVs).
The Abu Dhabi-based marine services provider, active in the offshore wind and oil and gas sectors, reported strong demand from international investors for this oversubscribed transaction.
HEA Energy’s issuance marks the largest bond placement in the Nordic market by a MENA-headquartered company. “The international demand underscores investors’ confidence in our fleet and operational expertise. The funds enable us to advance our newbuild programme and serve clients across the GCC, Europe, and beyond,” said Hassan Elali, Founder and Chairman.
The proceeds will fund SESV and OSV newbuilds, refinance existing financing, and meet general corporate needs.
The company aims to become the largest SESV owner in the North Sea with its new vessels. Its revenue is balanced between offshore wind and oil and gas sectors, ensuring diversification.
HEA Energy’s vessels are engaged in major offshore wind projects in Europe and the Americas, following the acquisition of three Seajacks vessels from Eneti in 2023.
HEA Energy’s bonds will be listed on the Euronext Alternative Bond Market.
DNB Carnegie, Fearnley Securities, and Pareto Securities served as joint global coordinators and bookrunners. Magellan Capital advised on strategy and financing.
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