New bank facility

New bank facility

ID: 58082

(Thomson Reuters ONE) -


Songa Offshore SE ("Songa" or "the Company") is pleased to announce that the
Company has finalized a new bank facility in the amount of USD 420 million. The
new facility has a repayment profile of 8.5 years and will be used to finance
the delivery of the ultra-deepwater semisubmersible Songa Eclipse, currently
ready for delivery from Jurong shipyard in Singapore.

Additionally, Songa has received a firm offer on a bank facility in the amount
of USD 100 million.  This facility will be used to part-finance the first
installment on the 2 semisubmersibles currently on order from Deawoo
Shipbuilding & Marine Engineering Co., Ltd (DSME).

Limassol, 23 August 2011

Questions should be directed to:
Geir Karlsen, CFO +47 23 01 14 24 / +47 91 60 83 32
This information is subject of the disclosure requirements pursuant to section
5-12 of the 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: Songa Offshore SE via Thomson Reuters ONE

[HUG#1540361]




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Bereitgestellt von Benutzer: hugin
Datum: 23.08.2011 - 08:31 Uhr
Sprache: Deutsch
News-ID 58082
Anzahl Zeichen: 1569

contact information:
Town:

Oslo



Kategorie:

Business News



Diese Pressemitteilung wurde bisher 135 mal aufgerufen.


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"New bank facility"
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Songa Offshore SE (Nachricht senden)

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