Sweden: Floatel – New Bond Issue for New Build Program

Sweden - Floatel - New Bond Issue for New Build Program

Floatel International Ltd is contemplating the issuance of up to a USD 200 million equivalent bond issue in the Norwegian bond market. The proceeds from the bond issue will be used to finance the Company’s new build program for accommodation vessels at Keppel FELS Limited, Singapore.

Floatel International has further agreed an indicative term sheet for a new bank loan of USD 200 million regarding its new build vessel Floatel Victory.

The Company is increasing its fleet by building a third vessel, the harsh environment semi submersible Floatel Victory, which is currently under construction and is due for delivery in early 2014. The Company’s fourth vessel is scheduled for delivery in July 2014.

The new financing arrangements will further strengthen Floatel International as a leading provider of new building accommodation vessels to the offshore oil and gas industry. “We continue to build quality in the Company’s fleet of next generation semi submersible vessels and operational team to meet the high standards required by our clients”, comments CEO Peter Jacobsson in Floatel International.

Source: Floatel, May 7, 2012

Share this article

Follow World Maritime News

In Depth>

Events>

<< Jun 2017 >>
MTWTFSS
29 30 31 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 1 2

DSM17

Donsö Shipping Meet 2017 is an all inclusive exhibition. Meals, electricity, meeting schedule and banquette dinner is included…

read more >

TOC Europe

TOC (The Terminal Operations Conference) has long been considered best in class by container terminal operators and their suppliers…

read more >

Marine Philippines 2017

The 4th edition of PHILIPPINES MARINE 2017, SHIPBUILD PHILIPPINES 2017 and OFFSHORE PHILIPPINES 2017 is the only specialized Shipbuilding…

read more >

Bunkering Week 2017

IBC’s biennial Bunkering Week is back with its successful series of 3 co-located events: 8th Bunkering in Asia, 4th LNG Bunkering and EMTECH: Ship Emissions Technology Conference.

With a proven track record of bringing together top decision makers from various industry sectors, this remains the go to event for ship owners, fuel suppliers, traders and technology solution providers. Get in-depth and detailed market insights from experts who are taking the decisions, assess peer strategies and give shape to your own in this unrivalled gathering of shipping and marine fuel industry leaders.

Key Highlights for 2017:

* 3 Co-located Conferences

* 12+ Hours of Networking Time

* In-depth Review of Shipping Markets by Segment

* Ship Owner Positions on Emissions Compliance Scenarios

* Pricing Differentials and Availability across Different Fuels

* Technology and Analytics in Fuel Management and Emissions MRV

More info

read more >