PGS restructures $300m ECA-backed loan

In:

Infrastructure, Oil & gas, Transport

Region:

Europe

By Aife Howse

Norwegian marine services provider Petroleum Geo-Services (PGS) has undergone a restructuring of its $305 million ECA-backed facility from 2014. The two lenders, SMBC and JBIC, have granted a grace period of two years in exchange for amended cash sweep provisions as part of a broader restructuring...

Exclusive subscriber content…

If you are a TXF subscriber, please login to continue reading

Not yet a subscriber? Join us today to continue accessing content without any restrictions

View our subscription options

Or to request access to TXF Intelligence contact us

Request Access

TXF, Proximo and Uxolo mourn the loss of Sean Keating

Perspective

04 November 2024

TXF, Proximo and Uxolo mourn the loss of Sean Keating

Exile Group is devastated to announce the death of our editor, Sean Keating.

Are ECAs looking beyond oil & gas in Africa?

Perspective

08 November 2024

Are ECAs looking beyond oil & gas in Africa?

Does TXF’s export finance data show that ECAs are less focused on oil & gas in their support for African investment? Yes, if one BIG outlier is removed.

Must See

ECA, DFI and ODA – all under the one Kexim umbrella

Interview

04 November 2024

ECA, DFI and ODA – all under the one Kexim umbrella

It has been a year since Export-Import Bank of Korea (Kexim) set up a development finance operation. Hwang Kiyeon, senior executive director and board member at Kexim, sheds light on Kexim's new development finance products and approach, and how they differ from traditional ECA offerings.

Perspective

04 November 2024

TXF, Proximo and Uxolo mourn the loss of Sean Keating

Exile Group is devastated to announce the death of our editor, Sean Keating.

Perspective

08 November 2024

Are ECAs looking beyond oil & gas in Africa?

Does TXF’s export finance data show that ECAs are less focused on oil & gas in their support for African investment? Yes, if one BIG outlier is removed.