SBM Offshore seals FPSO financing

SBM Offshore seals FPSO financing

Loans Project & Infrastructure Finance Debt Energy Gas

The Netherlands' SBM Offshore has signed a four-year, $1.1bn loan to fund the construction of a floating production storage and offloading (FPSO) vessel in Guyana, according to two sources close to the deal. The Dutch group received commitments from nine lenders from Europe and Japan, one source said. The loan comes with a one-year grace period, with the first disbursement expected to take place in a couple of months, he added. SBM Offshore will use the proceeds to build an FPSO for the second p

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