BW group – US$ 800 million ten year senior secured credit facility
Jan 20, 2016
In the summer of 2014 we advised and assisted BW Offshore in relation to its new US$ 800 million ten year senior secured credit facility for its floating production, storage and offloading unit project for the Catcher oilfield in the UK sector of the North Sea. The facility is a combined construction and long term financing facility. BW Offshore, which is listed on the Oslo Stock Exchange, is the world's second largest provider of floating production services to the oil and gas industry and is active in all significant oil regions. The credit facility was substantially oversubscribed by a group of 13 leading international banks.