SBM Offshore seeks financing in Brazil

SBM Offshore seeks financing in Brazil

Loans Project & Infrastructure Finance Debt Energy Gas Brazil Europe

SBM Offshore is looking for a long-term loan for roughly $1.5 billion to fund the construction of the Mero 2 floating production, storage and offloading (FPSO) vessel in Brazil, according to two sources close to the deal. The Dutch FPSO operator has hired ING and Mizuho as financial advisors to structure the deal, which could launch by the middle of next year, one of the sources said. SBM Offshore has a 22.5-year contract with the Libra consortium to build and operate an FPSO vessel in the Mero

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