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

Posted on Jul 14th, 2011 with tags .

 

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 from World Maritime News


Follow World Maritime News via:

Advertisement





lb
McAfee SECURE sites help keep you safe from identity theft, credit card fraud, spyware, spam, viruses and online scams