John Fredriksen's Ship Finance International has secured NOK 600m ($72m) from a bond issue.
Ole Hjertaker-led Ship Finance plans to list the bonds on the Oslo Stock Exchange and use the proceeds to refinance debt.
The new paper, which has been printed at an active time for the Norwegian bond market, will mature in September 2023.
Danske Bank, DNB Markets, Nordea and SpareBank 1 Markets are managing the senior unsecured bond due September 2023.