Oslo-quoted OTS says a $147m credit facility tied to the Bourbon Oceanteam 101 (built 2007) and Southern Ocean (built 2010) will give the companies more flexibility for “further development”.
According to a securities filing that shed light on the deal, the transaction is backed by SpareBank 1 SMN, DVB Bank SE and NIBC Bank.
As TradeWinds has reported, the eldest unit is employed with Oceaneering in Angola through 2014 while the newer of the two is linked to a contract with Fugro TS Marine Australia that is scheduled to expire at the end of 2015.
