Teekay Offshore Partners Secures $100 Million FPSO Fleet Refinancing
Teekay Offshore Partners L.P. (Teekay Offshore or the Partnership) announced that it has secured a new $100 million revolving credit facility for the Piranema Spirit, Voyageur Spirit, and Petrojarl Varg FPSO units.
The previous credit facility matured at the same time with a balloon payment of $35 million. The new facility is funded by commercial banks and bears interest at LIBOR + 300 basis points with a three-year tenor and a profile of 5.5 years.
Reference:Â globenewswire.com
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Marine Insight News Network is a premier source for up-to-date, comprehensive, and insightful coverage of the maritime industry. Dedicated to offering the latest news, trends, and analyses in shipping, marine technology, regulations, and global maritime affairs, Marine Insight News Network prides itself on delivering accurate, engaging, and relevant information.
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