Bond of the Year: MV24 Capital B.V. FPSO project bond

Bond of the Year: MV24 Capital B.V. FPSO project bond

SPONSORS: MODEC, Inc., Mitsui, Mitsui OSK Lines, Marubeni Corp. LOCATION: FPSO (floating production storage and offloading) on the Lula-Iracem oilfield in Brazil FINANCING TYPE & SIZE: $1.1 billion 2034 6.75% senior secured notes BANKS: Citibank, Mizuho Americas; SMBC Nikko Securities America, Inc., Morgan Stanley, LAW FIRMS: Hinckley Allen, King & Spalding, Lennox Paton, Stibbe, Stocche Forbes Advogados, Tostes & Associados Advogados, White & Case LLP, SUPPORT: KPMG; Wood Mackenzie, Japan Oil Engineering Co., Ltd., Marsh Ltd. The restructuring of the financing tied to a single project that accounts for over 5% of Brazil’s daily oil output, kept the MV24 FPSO (floating, produ

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