Malaysia-based international offshore energy facilities and services provider Bumi Armada Berhad announced the signing of documentation related to its corporate debt refinancing.
The Group has refinanced its unsecured term loans of USD380 million (approximately RM1,569million) and revolving credit facilities of USD280 million (approximately RM1,156million) into a single facility consisting of Tranche 1 facility of USD260 million (approximately RM1,074million), and Tranche 2 facility of USD400 million (approximately RM1,651million)(collectively the “Loans”).
The Loans will be repayable overtwo and five years respectively, from the closing date of the Facility Agreement.The closing of the Facility Agreement is subject to the satisfaction of certain conditions precedent which are procedural in nature.
About Bumi Armada
Bumi Armada Berhad is a Malaysia-based international offshore energy facilities and services provider with a presence in over 10 countries spread across three continents, supported by over 1,500 people from over 38 nationalities.Bumi Armada Berhad provides offshore services via two business units –Floating Production and Operations (“FPO”) and Offshore Marine Services (“OMS”)(encompassing the Offshore Support Vessels (“OSV”) and the Subsea Construction(“SC”) services).