Aker Philly looks for $100 million in debt financing

AUGUST 14, 2014 — Aker Philadelphia Shipyard ASA says it "has decided to investigate various possibilities for debt financing in the international capital markets as additional financing sources for up to $100 million."

In an Oslo stock exchange announcement, the shipbuilder says it believes that the current market conditions provide an opportunity to diversify its sources of funding at attractive terms, which will further strengthen the company's balance sheet.

The company has retained financial advisors.