SBM Offshore completes US$620 million bridge loan for FPSO Alexandre de Gusmão
December 17 2021 - 12:59PM
SBM Offshore completes US$620 million bridge loan for FPSO
Alexandre de Gusmão
December 17, 2021
SBM Offshore is pleased to announce that it has
secured a US$620 million bridge loan facility for the financing of
the construction of FPSO Alexandre de Gusmão.
The FPSO Alexandre de Gusmão will be deployed at
the Mero field in the Santos Basin offshore Brazil. Mero is a
project under Libra Consortium responsibility, in which Petrobras
is the operator with 40 percent and with the following partners:
Shell Brasil with 20 percent, TotalEnergies with 20 percent, CNODC
and CNOOC Limited with 10 percent each, together with Pré-sal
Petróleo S.A. (PPSA) as manager of this contract.
The facility was secured by the special purpose
company which will own FPSO Alexandre de Gusmão. Currently, SBM
Offshore is the sole owner of this special purpose company.
Discussions around the divestment of 45% of the equity ownership to
partners continue to progress.
The facility will be fully drawn in the coming
days to finance the ongoing construction of the FPSO Alexandre de
Gusmão. The tenor of the bridge loan is twelve months with an
extension option for another six months. Repayment is expected to
take place upon closure and first drawdown of the project loan.
Corporate
Profile
The Company’s main activities are the design,
supply, installation, operation and the life extension of floating
production solutions for the offshore energy industry over the full
lifecycle. The Company is market leading in leased floating
production systems, with multiple units currently in operation.
As of December 31, 2020, the Company employs
approximately 4,570 people worldwide spread over offices in our key
markets, operational shore bases and the offshore fleet of
vessels.
SBM Offshore N.V. is a listed holding company
headquartered in Amsterdam, the Netherlands. It holds direct and
indirect interests in other companies.
Where references are made to SBM Offshore N.V.
and /or its subsidiaries in general, or where no useful purpose is
served by identifying the particular company or companies “SBM
Offshore” or “the Company” are sometimes used for convenience.
For further information, please visit our
website at www.sbmoffshore.com.
The Management BoardAmsterdam, the Netherlands,
December 17, 2021
Financial Calendar |
Date |
Year |
Full Year 2021 Earnings |
February 10 |
2022 |
Annual General Meeting |
April 6 |
2022 |
First Quarter 2022 Trading Update |
May 12 |
2022 |
Half Year 2022 Earnings |
August 4 |
2022 |
Third Quarter 2022 Trading Update |
November 10 |
2022 |
For further information, please contact:
Investor RelationsBert-Jaap
DijkstraGroup Treasurer and IR
Mobile: |
+31 (0) 6 21 14 10 17 |
E-mail: |
bertjaap.dijkstra@sbmoffshore.com |
Website: |
www.sbmoffshore.com |
Media RelationsVincent
KempkesGroup Communications Director
Mobile: |
+377 (0) 6 40 62 87 35 |
E-mail: |
vincent.kempkes@sbmoffshore.com |
Website: |
www.sbmoffshore.com |
Disclaimer
This press release contains inside information
within the meaning of Article 7(1) of the EU Market Abuse
Regulation. Some of the statements contained in this release that
are not historical facts are statements of future expectations and
other forward-looking statements based on management’s current
views and assumptions and involve known and unknown risks and
uncertainties that could cause actual results, performance, or
events to differ materially from those in such statements. Such
forward-looking statements are subject to various risks and
uncertainties, which may cause actual results and performance of
the Company’s business to differ materially and adversely from the
forward-looking statements. Certain such forward-looking statements
can be identified by the use of forward-looking terminology such as
“believes”, “may”, “will”, “should”, “would be”, “expects” or
“anticipates” or similar expressions, or the negative thereof, or
other variations thereof, or comparable terminology, or by
discussions of strategy, plans, or intentions. Should one or more
of these risks or uncertainties materialize, or should underlying
assumptions prove incorrect, actual results may vary materially
from those described in this release as anticipated, believed, or
expected. SBM Offshore NV does not intend, and does not assume any
obligation, to update any industry information or forward-looking
statements set forth in this release to reflect subsequent events
or circumstances. Nothing in this press release shall be deemed an
offer to sell, or a solicitation of an offer to buy, any
securities.
- SBM Offshore completes US$620 million bridge loan for FPSO
Alexandre de Gusmão
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