India, April 9 -- SBM Offshore N.V.(SBFFY), a Dutch offshore energy solutions company, on Wednesday announced that it has signed a non-recourse sale and leaseback financing agreement for FPSO Cidade de Paraty for $400 million for 8 years.
The deal is expected to be completed before the end of April.
The FPSO Cidade de Paraty is owned by a special-purpose company formed by SBM Offshore with 63.125% stake and its partners with the remaining 36.875% stake.
According to the agreement, the special-purpose company will hand over ownership of FPSO to four Chinese leasing companies.
SBM Offshore and its partners will keep running and maintaining the asset for the rest of the initial charter and operating contracts that last another 8.5 years.
...