Fairstar Heavy Transport N.V. signs USD 30 million bridge loan facility for FORTE with Bank of China
(Thomson Reuters ONE) -
Fairstar Heavy Transport N.V. (FAIR) has signed a Bridge Loan Facility Agreement
with Bank of China. The facility provides financing of the third installment of
the construction of the FORTE in accordance with the Terms of Payment in the
Shipbuilding Contract. The Bridge Loan Facility will be repaid at delivery of
the FORTE by means of the recently signed DNB Bank facility.
Ingmar den Blanken, Treasurer of Fairstar, added the following remarks, "In
spite of the ongoing turbulence in the financial markets, Fairstar has secured
an additional credit facility for its new building program. The facility
provides the required funding to ensure timely completion of the FORTE. The
commissioning of the FORTE has begun and FORTE will be delivered on time to
begin its work for the Gorgon LNG Project."
For further information please contact:
Philip Adkins, CEO (philip.adkins(at)fairstar.com)
Web:www.fairstar.com
Tel: +31 (0)10-403 5333
***
Profile Fairstar Heavy Transport
Fairstar Heavy Transport N.V. is a leading provider of marine heavy transport
solutions, specializing in high-value cargoes for the offshore and onshore
energy and construction industries. Fairstar owns and operates two of the most
modern semi-submersible heavy transport ships in the global fleet, FJORD and
FJELL. The 50,000DWT, open-stern semi-submersible vessels FORTE and FINESSE are
currently under construction with Guangzhou Shipbuilding International in China
and will be owned and operated by Fairstar when they are delivered in 2012.
Fairstar is based in Rotterdam and quoted on the Oslo Stock Exchange (ticker:
FAIR).
Press release (PDF):
http://hugin.info/143837/R/1571209/488674.pdf
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: Fairstar Heavy Transport NV via Thomson Reuters ONE
[HUG#1571209]
Unternehmensinformation / Kurzprofil:
Datum: 14.12.2011 - 08:12 Uhr
Sprache: Deutsch
News-ID 96784
Anzahl Zeichen: 2527
contact information:
Town:
ROTTERDAM
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 139 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Fairstar Heavy Transport N.V. signs USD 30 million bridge loan facility for FORTE with Bank of China"
steht unter der journalistisch-redaktionellen Verantwortung von
Fairstar Heavy Transport NV (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
