BW Offshore: Signing of USD 200 million financing for the Catcher FPSO

Signing of USD 200 million financing for the Catcher FPSO

BW Offshore Limited is pleased to announce the signing of a new USD 200 million three-and-a-half-year facility, successfully refinancing its existing senior secured credit facility for the Catcher FPSO.

The new facility is priced at a margin of 225 basis points above USD SOFR and is provided by a consortium of seven international banks.

Closing of facility is expected to take place shortly after completion of conditions precedent.

For further information, please contact:
Ståle Andreassen, CFO, +47 9171 86 55

About BW Offshore:
BW Offshore engineers innovative floating production solutions. The Company has a fleet of 10 FPSOs with potential and ambition to grow. By leveraging four decades of offshore operations and project execution, the Company creates tailored offshore energy solutions for evolving markets world-wide. BW Offshore has around 2,000 employees and is publicly listed on the Oslo Stock Exchange.

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.