SBM Offshore's $850m floater note will recycle debt to bond markets

Floater player initiates refinancing move that will recycle much of the bank debt owning on one of the company's big pre-salt floaters

Refinanced: the Cidade de Ilhabela FPSO leaving the Brasa shipyard, across the bay from Rio de Janeiro, on its way to Sapinhoa North pre-salt field
Refinanced: the Cidade de Ilhabela FPSO leaving the Brasa shipyard, across the bay from Rio de Janeiro, on its way to Sapinhoa North pre-salt fieldPhoto: PETROBRAS
Published 9 February 2021, 10:07Updated 9 February 2021, 10:07