Yinson Production Offshore Pte Ltd announced that it has successfully closed a 5-year corporate loan facility of up to USD 500 million, including accordion.
The oil and gas player said the proceeds of the facility will be used for refinancing certain existing debt and general corporate purposes. A portion is specifically designated for green initiatives in support of Yinson Production’s continuous efforts in innovating and introducing cutting-edge technologies to reduce emissions and being the frontrunner in decarbonising the FPSO industry towards the goal of net zero.
This Facility is the first of its kind raised by Yinson Production.
Natixis, Singapore Branch acted as Coordinator, Mandated Lead Arranger and Bookrunner (“MLAB”). Affin Bank Berhad, AmInvestment Bank Berhad, CIMB Islamic Bank Berhad, ING Bank N.V., Singapore Branch, and United Overseas Bank Limited also acted as MLAB. A general syndication process is expected to be launched in January 2024.
