Fred. Olsen Accepts $500M Finance Deal

Fred. Olsen Production ASA has accepted an offer for a US$500 million, 10-year secured revolving credit facility that will be used to refinance existing loans, general corporate funding purposes, and future development of the company's fleet of FPSO/FSOs.

The company expects to enter into final agreements in the late-May / early June time frame.

DnB NOR, Fortis Bank, and Nordea arranged the facility.

For More Information on the Offshore Rig Fleet:
RigLogix can provide the information that you need about the offshore rig fleet, whether you need utilization and industry trends or detailed reports on future rig contracts. Subscribing to RigLogix will allow you to access dozens of prebuilt reports and build your own custom reports using hundreds of available data columns. For more information about a RigLogix subscription, visit www.riglogix.com.
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Field Mechanic
Expertise: Mechanic
Location: Columbus, OH
 
Senior Staff Engineer for Rotating Equipment Reliability
Expertise: Mechanical Engineering|Reliability Engineer|Rotating Equipment
Location: Corpus Christi
 
Video Data Management /Transportation Technician
Expertise: IT - Networking & Telecom|Loss Prevention|Reliability Engineer
Location: Chesterfield, MO
 
search for more jobs

Brent Crude Oil : $55.81/BBL 0.28%
Light Crude Oil : $53.4/BBL 0.07%
Natural Gas : $2.83/MMBtu 0.70%
Updated in last 24 hours