The offshore vessel owner is seeking NOK 550m ($90m) worthof new senior unsecured notes with maturity in May 2018.

Net proceeds from the issue will be used to refinanceexisting bonds and for general corporate purposes, Atlantic said in a statementto the Oslo Bors.

Following the fundraiser the company will consider buyingback bonds maturing in June and March 2015.

Pareto Securities and SpareBank 1 SR-Bank Markets have beenappointed managers of the contemplated bond issue.