SBM Offshore Optimizes FPSO N’Goma Project Loan
SBM Offshore announced the closure of a supplemental non-recourse project loan facility of US$250 million. The facility is related to the entity Sonasing Xikomba Ltd., which owns the FPSO N’Goma operating offshore Angola.
The total outstanding loan amount increased to c. US$450 million. Furthermore the project’s debt profile was optimized by aligning the loan maturity with the remaining charter contract duration. The original maturity date of the loan was extended by c. 4.5 years to an expiration date of 15 May 2026.
Corporate Profile
SBM Offshore N.V. is a listed holding company that is headquartered in Amsterdam. It holds direct and indirect interests in other companies that collectively with SBM Offshore N.V. form the SBM Offshore Group (“the Company”).
SBM Offshore provides floating production solutions to the offshore energy industry, over the full product lifecycle. The Company is market leading in leased floating production systems delivered to date, with multiple units currently in operation and has unrivalled operational experience in this field. The Company’s main activities are the design, supply, installation, operation and the life extension of floating production solutions for the offshore energy industry.
As of December 31, 2018, Group companies employ approximately 4,350 people worldwide, including circa 650 contractors, which are spread over offices in key markets, operational shore bases and the offshore fleet of vessels. Group Companies employ a further 400 people, working for the joint ventures with two construction yards. For further information, please visit our website at www.sbmoffshore.com.
The companies in which SBM Offshore N.V. directly and indirectly owns investments are separate entities. In this communication “SBM Offshore” is sometimes used for convenience where references are made to SBM Offshore N.V. and its subsidiaries in general, or where no useful purpose is served by identifying the particular company or companies.
