SBM Offshore N.V.

amsterdam : SBMO


October 11, 2012 01:37 ET

SBM Offshore priced its first US Private Placement project bond of US$ 500 million for the FPSO Cidade de Anchieta

SCHIEDAM, NETHERLANDS--(Marketwire - Oct 11, 2012) - Yesterday, SBM Offshore successfully priced an inaugural US$ 500 million US Private Placement project bond with 16 Institutional Investors. The bond which is rated Baa2/BBB by Moody's and Fitch carries a 5.5% fixed coupon for a 15 year maturity.

This is the first transaction issued for an FPSO in the US Capital Markets, and SBM Offshore is very pleased with such diversification of funding sources.

The proceeds of this placement will be used to fund the refurbishment of the FPSO Cidade de Anchieta, which started its service for Petrobras on 10 September of this year under an 18 year lease and operate contract. Closing of the transaction is expected to occur by the end of October.

To see the complete version of this press release, please click on the link below.

SBM Offshore Press Release: http://hugin.info/130754/R/1648164/531359.pdf

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(i) the releases contained herein are protected by copyright and other applicable laws; and

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Source: SBM Offshore N.V. via Thomson Reuters ONE

[HUG#1648164]

Contact Information

  • For further information, please contact:
    Sebastiaan de Ronde Bresser

    Telephone: (+377) 92 05 85 15
    Mobile: (+33) 643 919 312
    E-mail: Email Contact
    Website: www.sbmoffshore.com