Blue Marine borrows from HSBC

Blue Marine borrows from HSBC

Loans Debt Energy Mexico

Mexican shipping and oilfield services company Blue Marine has secured a MXN520 billion ($26.6 million) working capital loan from HSBC, according to a source close to the deal. Blue Marine will use the money to pay for operations related to service contracts with the state-owned oil company Pemex. The company securitized its contracts with Pemex, put the proceeds in a fund and used them to back the loan, the source said. Blue Marine provides offshore well services, platform maintenance and other

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