Dutch energy giant SBM Offshore has reinforced its financial foundation by securing a $1.1 billion revolving credit facility (RCF) from a consortium of 13 international banks. The new facility refinances the company’s previous $1 billion RCF, which was set to mature in February 2026.
The renewed RCF carries a five-year maturity term and includes two optional one-year extensions, providing SBM Offshore with greater financial agility. Additionally, the agreement features an uncommitted option to expand the facility by a further $500 million, underscoring the company’s access to significant liquidity.
In a statement, SBM Offshore described the RCF as a “key pillar” of its financing strategy, intended to support general corporate purposes as well as working capital requirements during the construction phase of its offshore floating production units.
Importantly, the company noted that a $100 million green tranche within the facility is earmarked for funding eligible environmental projects, aligning with SBM Offshore’s ongoing commitment to sustainability.
“The successful syndication of the increased RCF reflects the strong support SBM Offshore continues to receive from financial institutions across the globe,” the company said.
This latest financial development follows closely on the heels of SBM Offshore’s announcement of its first sale and leaseback financing arrangement for a floating production, storage, and offloading (FPSO) unit operating for Brazil’s Petrobras.
The new credit facility enhances SBM Offshore’s financial resilience as it continues to play a central role in the development and deployment of offshore energy infrastructure worldwide.
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