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>

<< Aug 2017 >>
MTWTFSS
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 31 1 2 3

Shipping2030 Asia

This year Shipping2030 Asia will take place with Global Liner Shipping conference, offering attendees unique access to networking with the container shipping industry…

read more >

Indonesia Marine & Offshore Expo (IMOX) 2017

Indonesia Marine & Offshore Expo (IMOX) 2017, Batamis an international maritime and offshore industrial event that brings an international…

read more >

Salvage & Wreck Asia

Could your business be affected by shipwreck? Are you a salvage professional or a wreck removal expert? …

read more >

DSM17

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

read more >