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Home›News›Sevan secures bank financing for FPSO Sevan 300 no. 4
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February 5, 2008 · about 18 years ago

Sevan secures bank financing for FPSO Sevan 300 no. 4

Sevan Marine ASA, on behalf of one of its subsidiaries, has signed a mandate with a leading financial institution to arrange a pre-delivery construction facility of USD 280 million for the FPSO Sevan 300 no.4, that converts into a long-term USD 280 million amortizing term loan, following delivery of

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Sevan Marine ASA, on behalf of one of its subsidiaries, has signed a mandate with a leading financial institution to arrange a pre-delivery construction facility of USD 280 million for the FPSO Sevan 300 no.4, that converts into a long-term USD 280 million amortizing term loan, following delivery of the FPSO. The debt facility is structured as a limited recourse financing.

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