Kreuz $275m LBO loan to close soon

Oil Rig 1
By Rashmi Kumar
25 Feb 2014

Kreuz Holdings, a Singapore-listed subsea services provider to the offshore oil and gas industry, is close to wrapping up its $275m five year loan, which will help fund the buyback of its shares by holding company SEA9.

The loan is led by original bookrunners and mandated lead arrangers ABN Amro and GE Capital, according to two bankers.

Cathay United Bank, Natixis, Siemens Financial Services, Sumitomo Mitsui Banking Corp and United Overseas Bank have joined the leveraged buyout loan also as MLABs, said one of ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial