August 16, 2018 |
Libra MV31 has secured roughly $1.42bn in project debt to fund the construction of an FPSO that will be chartered to Petrobras, a source familiar with the financing has said.
The funding includes a 14-year, triple-tranche, $995m term loan and a 3.25-year, $425m revolving credit facility.
Included in the term loan is a $467m facility from the Japan Bank for International Cooperation (JBIC) and two other facilities provided by commercial banks. One of the latter two includes a guarantee from Nippo
Japanese consortium obtains around $1.4bn from multiple firms for a Brazilian FPSO, source