BW Offshore successfully secures long term financing
(Thomson Reuters ONE) -
29 December 2010 - BW Offshore has concluded the syndication process for a USD
2.4 billion seven year senior secured credit facility. The credit facility was
substantially oversubscribed by a group of 15 leading international banks.
The facility will be used to refinance BW Offshore and Prosafe Production's main
credit facilities, as well as to finance further growth for the company. BW
Offshore remains committed to increasing shareholder returns, and will only
pursue projects that meet the company's targeted returns.
For further information, please contact:
Knut R. Sæthre, CFO, +47 9111 7876 (Media)
Kristian Flaten, VP Finance & Investor Relations, +47 9509 2322
(Analysts/investors)
About BW Offshore:
BW Offshore is a leading global provider of floating production services to the
oil and gas industry. With the acquisition of Prosafe Production in 2010, the
company has become the world's second largest contractor with a fleet of 16
FPSOs and 3 FSOs represented in all major oil regions world-wide. BW Offshore
has an excellent track record on project execution and operations, as well as a
robust balance sheet and strong financial capabilities. In over 25 years of
production, BW Offshore has successfully executed more than 30 FPSO and FSO
projects. The company is listed on the Oslo Stock Exchange. Further information
is also available on www.bwoffshore.com.
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: BW Offshore via Thomson Reuters ONE
[HUG#1475963]
Unternehmensinformation / Kurzprofil:
Datum: 29.12.2010 - 08:31 Uhr
Sprache: Deutsch
News-ID 50096
Anzahl Zeichen: 2309
contact information:
Town:
Oslo
Kategorie:
Business News
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