A disclosure of financial results by the largely private Navig8 Group this week was driven by the company’s previously unreported issue of $100m in Norwegian bonds in April.
The secured bonds were extended through Norwegian house Pareto Securities at an expensive 12% interest coupon, according to available public records.
The entity reporting the positive results this week is called Navig8 Topco Holdings — the same name used in connection with the bond raise.
