OSX looks to European and American lenders for $850m PF loan
Lenders from Europe, Brazil and the US will be invited to join an $850m secured term loan from OSX Brasil that has been arranged to fund a floating production, storage and offloading oil platform (FPSO) off the coast of southeast Brazil.
Banco Santander and ING are structuring and arranging the 12 year limited recourse secured financing. Pricing on the loan is expected to be above 350bp, and lenders will be offered tickets between $50m and $250m.
Teasers will be sent out to 10 to 15 banks early next week,
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