SBM Offshore signs a US$250 million short-term corporate facility

SBM Offshore is pleased to announce that it has secured a US$250 million term loan facility.

The facility will be fully drawn in the coming days to finance Floating Production, Storage and Offloading vessel (FPSO) construction activities. The tenor of the bridge loan is twelve months with an extension option for another six months. Repayment is expected from first drawdown of the construction financing of FPSO Jaguar.