US$1,450m Senior Term Loan Financing for the Cidade de Marica FPSO owned by a consortium including SBM
28 July 2014
Clifford Capital provided a US$50m senior term loan to finance the construction and conversionof the Cidade de Marica FPSO which is owned by a consortium which includes SBM and will be deployed in Brazil under a long term charter agreement with a consortia that includes Petrobras.
Clifford Capital’s financing was based on Singapore-based companies providing supply or services contracts to the construction of the FPSO. This transaction is the 2nd financing undertaken between Clifford Capital and a consortia including SBM, illustrating how our financing can further encourage the repeat use of Singapore based suppliers.