SBM Offshore announces 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.
Source: SBM Offshore