--- title: Kent completes Senior Secured Private Bond date: 2021-08-01T10:00:00+01:00 author: Joanne Hennigan canonical_url: "https://kentplc.com/news-insights/kent-completes-senior-secured-private-bond" section: Blog --- 01 Aug 2021 Press Releases & Featured Stories # Kent completes Senior Secured Private Bond ![Kent completes Senior Secured Private Bond]() **Fundraising and project wins** Kent successfully completed a senior secured private bond placement totalling $65 million. The proceeds will be used to fund the acquisition of the SNC oil & gas business and provide headroom for working capital. As part of the acquisition, Bluewater has committed to a further capital injection, signalling strong shareholder commitment. The combined business will also deliver in excess of $500 million in new contractual awards secured across all our regions and service offerings. Furthermore, these wins provide Kent with substantial growth visibility and allows us to focus on new opportunities going into the second half of the year as well as providing a major boost to our current backlog. **Ben Jones, Chief Financial Officer, Kent, added:** *“This announcement marks an important milestone in our corporate history. The successful fundraise and acquisition will enable us to substantially increase our global footprint and to take on larger, more complex projects. The fundraise also demonstrates the strength of investor interest and confidence in Kent and its long-term value proposition. I would like to welcome all our new investors and thank our existing shareholder, Bluewater, for their ongoing support and commitment to our growth strategy.”* Share this story [LinkedIn](https://www.linkedin.com/shareArticle?mini=true&url=https%3A%2F%2Fkentplc.com%2Fnews-insights%2Fkent-completes-senior-secured-private-bond) [Facebook](https://www.facebook.com/sharer/sharer.php?u=https://kentplc.com/news-insights/kent-completes-senior-secured-private-bond) [X](https://x.com/intent/tweet?url=https://kentplc.com/news-insights/kent-completes-senior-secured-private-bond&text=Kent%20completes%20Senior%20Secured%20Private%20Bond) Related Blogs ## You might also like [![Designers and drafters win announcement]()](https://kentplc.com/news-insights/kent-celebrates-further-success-with-designers-and-drafters-programme)Press Releases & Featured Stories [Kent celebrates further success with Designers and Drafters Programme with talent development award ](https://kentplc.com/news-insights/kent-celebrates-further-success-with-designers-and-drafters-programme)Our team has celebrated winning the ATD Middle East Excellence in Talent Development Award for our Designers and Drafters programme [Read article](https://kentplc.com/news-insights/kent-celebrates-further-success-with-designers-and-drafters-programme) [![Oil and Gas Middle East awards]()](https://kentplc.com/news-insights/kent-celebrates-sustainability-award-at-oil-gas-middle-east-awards)Press Releases & Featured Stories [Kent celebrates sustainability award at Oil & Gas Middle East Awards ](https://kentplc.com/news-insights/kent-celebrates-sustainability-award-at-oil-gas-middle-east-awards)The Kent team in Saudi Arabia has been recognised for their sustainability initiative [Read article](https://kentplc.com/news-insights/kent-celebrates-sustainability-award-at-oil-gas-middle-east-awards) [![Wassim Energy Connects Thumbnail 1 1]()](https://kentplc.com/news-insights/energy-connects-studio-interview-wassim-ghadban)Press Releases & Featured Stories [Energy Connects studio interview: Wassim Ghadban discusses Kent's innovative approach to digital engineering ](https://kentplc.com/news-insights/energy-connects-studio-interview-wassim-ghadban)Kent's Wassim Ghadban talks with Energy Connects about how digital and autonomous engineering is enabling a new era of energy [Read article](https://kentplc.com/news-insights/energy-connects-studio-interview-wassim-ghadban) [![Kent site image 4]()](https://kentplc.com/news-insights/kent-named-as-top-25-contractor-for-epc-work-in-the-middle-east)Press Releases & Featured Stories [Kent named as top 25 contractor for EPC work in the Middle East ](https://kentplc.com/news-insights/kent-named-as-top-25-contractor-for-epc-work-in-the-middle-east)Kent's continued growth in EPC delivery has been recognised in the latest rankings from Oil and Gas Middle East [Read article](https://kentplc.com/news-insights/kent-named-as-top-25-contractor-for-epc-work-in-the-middle-east) [![Patrick Energy Connects Thumbnail 1]()](https://kentplc.com/news-insights/energy-connects-studio-interview-patrick-shearer)Press Releases & Featured Stories [Energy Connects studio interview: Patrick Shearer discusses Kent's procurement approach and capability ](https://kentplc.com/news-insights/energy-connects-studio-interview-patrick-shearer)Kent's SVP of Supply Chain, Patrick Shearer, discusses Kent's capability and early engagement approach to procurement with Energy Connects [Read article](https://kentplc.com/news-insights/energy-connects-studio-interview-patrick-shearer) [![Energy Connects Interview Thumbnail]()](https://kentplc.com/news-insights/energy-connects-interview-ceo-john-gilley-talks-project-delivery-innovation-and-the-future-of-energy)Press Releases & Featured Stories [Energy Connects Interview: CEO John Gilley talks project delivery, innovation and the future of energy ](https://kentplc.com/news-insights/energy-connects-interview-ceo-john-gilley-talks-project-delivery-innovation-and-the-future-of-energy)John Gilley discusses project delivery, innovation and Kent’s growth in Energy Connects interview [Read article](https://kentplc.com/news-insights/energy-connects-interview-ceo-john-gilley-talks-project-delivery-innovation-and-the-future-of-energy) [![Kent x University of Manchester 1]()](https://kentplc.com/news-insights/kent-collaborates-with-the-university-of-manchester-on-low-carbon-hydrogen-research)Press Releases & Featured Stories [Kent collaborates with the University of Manchester on low-carbon hydrogen research ](https://kentplc.com/news-insights/kent-collaborates-with-the-university-of-manchester-on-low-carbon-hydrogen-research)Research by Kent and the University of Manchester explores the potential of chemical looping reforming for low-carbon hydrogen production [Read article](https://kentplc.com/news-insights/kent-collaborates-with-the-university-of-manchester-on-low-carbon-hydrogen-research) [![PR Oxea web thumb]()](https://kentplc.com/news-insights/kent-awarded-epcm-services-for-major-oxea-specialty-chemicals-project-following-successful-feed-completion)Press Releases & Featured Stories [Kent awarded EPCm services for major OXEA specialty chemicals project following successful FEED completion ](https://kentplc.com/news-insights/kent-awarded-epcm-services-for-major-oxea-specialty-chemicals-project-following-successful-feed-completion)Kent continues its support of OXEA through a long-term Engineering Services Agreement and the award of detailed engineering services [Read article](https://kentplc.com/news-insights/kent-awarded-epcm-services-for-major-oxea-specialty-chemicals-project-following-successful-feed-completion) [![EIC Survive and Thrive Thumbnail update final]()](https://kentplc.com/news-insights/eic-survive-and-thrive-x-report)Press Releases & Featured Stories [EIC Survive and Thrive X report ](https://kentplc.com/news-insights/eic-survive-and-thrive-x-report)Kent's long-term growth strategy is building a more resilient business [Read article](https://kentplc.com/news-insights/eic-survive-and-thrive-x-report) [](#)[](#)