NIBC Bank N.V. underwrote the transaction.
The financing is in accordance with the plans presented during the equity fundraising in January 2007 and consists of a $130 million senior loan, a $40 million junior loan and a $10 million revolving credit facility. All facilities mature 5 years from the delivery of the second liftboat from the shipyard.
Seajacks International Ltd. is a Bermuda based corporation founded in 2006 to own and operate state-of-the-art offshore liftboat vessels.
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