SBM Offshore and Partners Secure Project Loan to Finance Construction of FPSO

 

SBM Offshore N.V. announces that together with its JV partners, QGOG, NYK and ITOCHU, a Limited Recourse Project Loan has been secured for US$ 1 Billion to finance the construction of the FPSO Cidade de Paraty.

The loan will be repaid over a 10 year period starting at First Oil and benefit from a competitive pricing package arranged on a Club Deal basis with 12 International Commercial Banks.

The Syndicate of Banks includes a Group of Bookrunners and Mandated Lead Arrangers composed of ABN Amro, DNB-Nor, Mizuho, Natixis, SMBC, Standard Chartered, together with ING Bank acting as Coordinator, BTMU as Facility Agent and Rabobank as Documentation Agent and a Group of Mandated Lead Arrangers composed of CIC, DBJ and Nordea.

Source: SBM Offshore, July 14, 2011.

Share this article

Follow World Maritime News

Posted on July 14, 2011

In Depth>

Events>

<< Aug 2016 >>
MTWTFSS
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 31 1 2 3 4

SEATRADE CRUISE MED 2016

The conference is a leading platform for discussion and debate on issues confronting the cruise industry in the Mediterranean and its adjoining seas…

read more >

SMM 2016

SMM Hamburg 2016 is the leading international forum of the maritime industry.SMM offers the unique chance for exhibitors and trade visitors…

read more >

5th Annual Salvage & Wreck Asia Conference

Hear industry leaders debate:
• Combating piracy in South Asia
• Preparing for industry growth in the cruise ship sector…

read more >

Global Liner Shipping Asia Conference

Alliances analysed – will changes have a positive or negative impact on the industry?
Lloyd’s List/Containerisation International Business Briefing…

read more >