Oh to Be in the Offshore – Songa Offshore Gets Financing

This week Songa Offshore announced that it finalized a new $420 million credit facility, which will be used to finance the delivery of the ultra-deepwater semi-submersible, Songa Eclipse, which is ready for delivery from Jurong. While few loan terms are available, the company did disclose that the repayment profile is 8.5 years.

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