Jun 2024
Conyers provided Bermuda and BVI law advice to Ventura Offshore in connection with its admission to trading on Euronext Growth Oslo, the acquisition of all outstanding shares in Universal Energy Resources Inc. (a BVI company), the completion of a private placement of shares of Ventura Offshore raising proceeds of US$170 million and the issuance of senior secured bonds totalling US$130 million by Ventura Offshore Midco Ltd.
Ventura Offshore is the third listing this year on Oslo Børs’ markets.
Director Guy Cooper stated, “Conyers is very pleased to have assisted Ventura Offshore with its private placement and listing on Euronext Growth Oslo as well as the acquisition and bond issuance. The combined efforts of our Bermuda and BVI teams are integral to the service we provide our clients and we look forward to witnessing Ventura Offshore’s success as a listed company.”
Director Guy Cooper, Senior Associate Andrew Barnes and Associate Sophia Collis of Conyers Bermuda and Partner Anton Goldstein and Associate Nina Goodman from Conyers BVI advised on the matter, working alongside Thommessen.