Alantra advises the Overseas Marine Logistics group (and its affiliates) on refinancing part of its offshore fleet

Dec 2022

Debt Refinancing

Value $37.5mn

Alantra has advised Overseas Marine Logistics group (and its affiliates) on refinancing part of its offshore fleet, comprising by one Jack Up Accommodation Barge and one Platform Support Vessel. The financed fleet was employed on a medium-term basis to a leading Qatar-based EPC contractor and a leasing Saudi-based EPC Contractor. The original refinanced facility was provided by a Singapore-based commercial bank. The financing reached $37.5mn (Ca. 65% LTV) and was provided by a prominent UK-based Ship-lending Fund. Execution, led by Alantra’s Maritime & Offshore team, spanned over a period of 9 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.