HEA Energy prices USD 550 million bond to fund offshore wind vessel newbuilds

Type: Financing · Technology: Offshore Wind · Country: United Arab Emirates · Value: $550M · Announced: 2026-06-19

HEA Energy, an Abu Dhabi-headquartered marine services provider operating in offshore wind and oil and gas sectors, priced a USD 550 million senior secured bond to fund the expansion of its offshore wind vessel fleet, including self-propelled self-elevating support vessels (SESVs). The proceeds will support milestone payments for newbuild programs, refinance existing financing, and cover general corporate purposes, with the bond attracting strong demand from international institutional investors. The transaction marks the largest bond placement in the Nordic market by a Middle East and North Africa (MENA)-headquartered company, reflecting investor confidence in HEA Energy's contracted fleet and operational experience. The company aims to become the largest owner of SESVs in the North Sea upon delivery of its new vessels, with its revenue base evenly split between offshore wind and oil and gas activities. The bonds will be listed on the Euronext Alternative Bond Market, with DNB Carnegie, Fearnley Securities, and Pareto Securities serving as joint global coordinators and bookrunners, while Magellan Capital acted as strategic and financing advisor.

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