Alantra advises the Overseas Marine Logistics group (and its affiliates) on raising financing to fund the delivery instalments on a fleet of offshore support vessels

Dec 2022

Debt Refinancing

Value $62mn

Alantra has advised Overseas Marine Logistics group (and its affiliates) on raising financing in order to fund the delivery instalments on a fleet of offshore support vessels, including Anchor Handlers, Tugs and Bunkering Barges, constructed in a leading Chinese shipyard and chartered to a Saudi-based NOC on a long-term basis. The financing reached $62.0mn (ca. 70% of the shipbuilding cost) and was provided by Australis Maritime Limited, one of the leading UK-based ship lending funds. Execution, led by Alantra’s Maritime & Offshore team, spanned over a period of 8 weeks.

Overseas Marine Logistics (OML), established in 2013, is a leading provider of marine and offshores services to oil, gas and energy sectors. OML owns and operates a fleet of 11 Offshore Support Vessels comprising Jack Up barges, AHT vessels and others.

Australis Maritime Limited is a finance advisory and credit portfolio management service provider, exclusively focused on the maritime sectors with a fundamental, asset-based approach to financing.