Hafnia has engaged SEB Corporate Finance, Skandinaviska Enskilda Banken AB, Clarksons Platou Securities AS and Fearnley Securities AS, to assist the Company in a contemplated private placement of new common shares in the Company with gross proceeds of up to USD 100 million.

The Private Placement is directed towards Norwegian investors and international institutional investors pursuant to and in compliance with applicable exemptions from relevant registration, filing and prospectus requirements, and subject to other applicable selling restrictions.

The net proceeds from the Private Placement will be used to optimise the Company’s debt structure and strengthen the balance sheet as a result of the recent growth, as well as for other general corporate purposes such as working capital for the new fleet.

Hafnia Limited CEO Mikael Skov comments; “Hafnia has been active in pursuing growth and consolidation by leveraging its balance sheet to act rapidly. The recent transactions which saw us add 44 modern tankers to our fleet, consolidated our position as the world’s leading product and chemical tanker shipping company. The fact that leading institutional investors were willing to receive Hafnia shares as payment, only demonstrates Hafnia’s firm foothold in the market. We have now turned to the market to optimise our capital structure in the wake of these significant transactions.”

Mikael Skov continues; “With the expected upturn of the product tanker market, it is now a favourable time to deleverage our balance sheet to ensure we continue to be in a strong position to take advantage of market synergies and opportunities in combination with increasing the free float in the Hafnia share. We are immensely grateful to existing and new shareholders for their continued support of Hafnia.”