With great pleasure, SBM Offshore announces that it has obtained a US$210 million Revolving Credit Facility (RCF) to finance the building of MPF (Multi-Purpose Floater) hulls developed by Fast4Ward®. The RCF has a tenor of eighteen months and a six-month extension option. Repayment is anticipated to happen either when the appropriate project financing is drawn down or when the MPF hulls are sold.
Eight standardised MPF hulls have been ordered thus far under the company’s industry-leading Fast4Ward® programme, seven of which are assigned to projects and one of which supports bidding operations.
Statements of future expectations and other forward-looking statements based on management’s current views and assumptions make up some of the non-historical facts in this release. These statements include known and unknown risks and uncertainties that could cause actual performance, results, or events to differ materially from those in these statements. Words like “expect,” “should,” “could,” “shall,” and related terms can be used to identify these claims. These predictions are based on a number of risks and uncertainties. The “Risk Management” section of the 2022 Annual Report contains a description of the main risks that might have an impact on SBM Offshore N.V.’s future activities.
In the event that any or all of these risks or uncertainties come to pass, or if underlying assumptions turn out to be false, the Company’s actual performance and results might diverge significantly and negatively from the forward-looking statements in this release. SBM Offshore disclaims all responsibility to update any industry data or forward-looking statements in this release to reflect new information, developments, or other circumstances.
Nothing in this press release should be interpreted as a solicitation of an offer to purchase or sell securities. SBM Offshore N.V. maintains direct and indirect ownership stakes in distinct legal organisations. When SBM Offshore N.V. and its subsidiaries are generally mentioned in this release, the terms “SBM Offshore” and “SBM” may be used interchangeably for convenience. When naming the specific firm or companies serves no meaningful purpose, these terms are also employed.