The joint venturebetween Keppel and US private equity firm Oaktree Capital said it is contemplating issuing a $650m term loanmaturing May 2020.
Floatel said the net proceedsfrom the loan will be used to refinance existing project finance loans forFloatel Superior, Floatel Reliance (both built 2010) and Floatel Victory (built 2013) as well as existing $200mbond.
TheOslo-listed company said it has concurrently received commitments for a $100mrevolving credit facility and a $270m delivery financing for Floatel Endurancewith $250m accordion for Floatel Triumph from a club of commercial banks.
The
