The financing, arranged through wholly owned subsidiary Armada Cabaca, includes a term loan facility, a standby letter of credit facility, and a bank guarantee facility, Bumi Armada said in a filing on Bursa Malaysia.
It will go towards project costs and expenses related to, among other things, the acquisition, conversion, refurbishment, mobilisation, transportation, hook-up, mooring and installation of the FPSO, which will be named Armada Olombendo.
Lenders
