SBM OFFSHORE N.V. COMPLETES US$ 750 MILLION REVOLVING CREDIT FACILITY
1. US$ 750 Million Revolving Credit Facility
SBM Offshore NV is pleased to announce that it has successfully completed the
refinancing and expansion of its existing revolving credit facility of US$ 500
million to a new US$ 750 million facility. The targeted syndication to a select
group of banks found very strong interest and led to a substantial
oversubscription.
The facility represents the Company's core source of corporate bank financing
and will be used principally to finance the construction phase of projects as
well as for general corporate purposes. The facility has a five-year tenor with
margin over Libor derived from a leverage grid.
The following financial institutions participate in the syndicate:
Bookrunning Mandated Lead Arrangers
BNP Paribas, The Bank of Tokyo-Mitsubishi UFJ, Fortis Bank N.V. (Documentation
Agent), ING Bank NV (Facility Agent), Mizuho Corporate Bank (Coordinator) and
Rabobank.
Mandated Lead Arrangers
Crédit Agricole CIB, Lloyds TSB Bank, Natixis, The Royal Bank of Scotland N.V.
and Société Générale.
Lead Arrangers
BBVA, NIBC Bank N.V. and Sumitomo Mitsui Banking Corporation Europe.
Contact person: Mr. Sebastiaan de Ronde Bresser
Telephone: (+377) 92 05 85 15
Mobile: (+33) 643 919 312
Fax: (+377) 92 05 89 40
E-mail: sebastiaan.derondebresser@sbmoffshore.com
Website: www.sbmoffshore.com
To see the full version of this Press Release please click on the link below.
[HUG#1427096]
SBM Offshore N.V. Press Release: http://hugin.info/130754/R/1427096/374763.pdf
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Source: SBM Offshore N.V. via Thomson Reuters ONE
