SBM Offshore secures $250 million short-term term loan

Chicago, April 17 – SBM Offshore NV secured a $250 million short-term corporate term loan facility, according to a notice.

The loan will be fully drawn to finance floating production, storage and offloading vessel (FPSO) construction activities.

The bridge loan has a 12-month tenor, with a six-month extension option.

Repayment is expected from first drawdown of the construction financing of the FPSO vessel Jaguar.

SBM Offshore is based in Amsterdam and provides floating production solutions to the offshore energy industry.

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