Offshore staff
AMSTERDAM – SBM Offshore has secured a $620-million bridge loan facility for the financing of the construction of FPSO Alexandre de Gusmão.
The FPSO Alexandre de Gusmão will be deployed at the Mero field in the Santos basin offshore Brazil.
The facility was secured by the special purpose company which will own the Alexandre de Gusmão. Currently, SBM Offshore is the sole owner of this special purpose company. Discussions around the divestment of 45% of the equity ownership to partners continue to progress.
The facility will be fully drawn in the coming days to finance the ongoing construction of the FPSO. The tenor of the bridge loan is 12 months with an extension option for another six months. Repayment is expected to take place upon closure and first drawdown of the project loan, SBM said.
12/17/2021
