The senior secured bond was materially oversubscribed and attracted strong international demand, with proceeds directed to milestone payments for HEA Energy’s self-propelled self-elevating support vessels (SESVs) and offshore support vessel (OSV) newbuilds. The bonds will be listed on the Euronext Alternative Bond Market, with DNB Carnegie, Fearnley Securities, and Pareto Securities as joint global coordinators and bookrunners, and Magellan Capital as strategic and financing advisor. HEA Energy, which splits its revenue evenly between offshore wind and oil and gas, said it is on track to become the largest owner of SESVs in the North Sea once the new vessels deliver.