The offshore operator Floatel International has applied for listing on the Oslo Stock Exchange, with estimated entry at the end of November. The company seeks to raise USD 50 million through an Initial Public Offering (IPO).
”On 25 October Floatel signed a loan agreement with Natixis and Swedbank AB as mandated lead arrangers for a USD 130 million Senior Secured Term Loan Facility for the post-delivery financing of Floatel Reliance. The term is 5 years and 3 months. The loan is subject to certain conditions, hereunder the company raising new equity of USD 50 million, which the company will seek to raise through the IPO.”
The semisubmersible accommodation rig Floatel Reliance is set for delivery on October 29 from Keppel FELS in Singapore. At the beginning of January the rig will commence a five-year contract with Petrobras Brazil. Earlier this year Keppel delivered the semisubmersible accommodation rig Floatel Superior to Floatel. Following completion of a three-month charter for ConocoPhillips Australia, the rig has recently arrived in Norway for preparation of the charter with Talisman Energy Norge AS during the winter season.
”On 25 October Floatel signed a loan agreement with Natixis and Swedbank AB as mandated lead arrangers for a USD 130 million Senior Secured Term Loan Facility for the post-delivery financing of Floatel Reliance. The term is 5 years and 3 months. The loan is subject to certain conditions, hereunder the company raising new equity of USD 50 million, which the company will seek to raise through the IPO.”
The semisubmersible accommodation rig Floatel Reliance is set for delivery on October 29 from Keppel FELS in Singapore. At the beginning of January the rig will commence a five-year contract with Petrobras Brazil. Earlier this year Keppel delivered the semisubmersible accommodation rig Floatel Superior to Floatel. Following completion of a three-month charter for ConocoPhillips Australia, the rig has recently arrived in Norway for preparation of the charter with Talisman Energy Norge AS during the winter season.