Law firm Stephenson Harwood LLP has advised a syndicate of 13 international lenders on a $1.1 billion multicurrency revolving credit facility for SBM Offshore N.V., a global leader in floating production storage and offloading systems. This includes an uncommitted option to increase the facility by an additional $500 million.
Stephenson Harwood advised the lender syndicate on all aspects of the transaction, including structuring, documentation, and negotiation across multiple jurisdictions. The revolving credit facility will support SBM Offshore’s ongoing operations, projects and broader funding strategy, providing scalable capital to one of the energy and maritime industry’s most prominent players. The facility structure incorporates novel and innovative financing mechanics tailored to SBM Offshore’s operational model and long-term strategic goals.
"In delivering a result that meets the commercial objectives of both our clients and SBM Offshore, this transaction reinforces Stephenson Harwood's position as a market leader in global maritime and offshore finance, and demonstrates our ability to deliver sophisticated solutions for complex multi-jurisdictional transactions," said Ian Mace, Partner and Global Head of Maritime Trade and Offshore Finance, Stephenson Harwood.
Partners Ian Mace and Peter Theochari led the Stephenson Harwood team, with support from Associates Hannah Marriott and Katie O'Farrell.
