Mishcon Singapore has advised Yinson Production Offshore Pte. Ltd on its successful closing of a five-year corporate facility loan of up to US$500 million, including accordion.
This is the first corporate financing after the reorganisation and decentralisation of the Yinson Group. The corporate facility will be used to refinance existing debt and for general corporate purposes. A portion of the facility is specifically designated for green initiatives in support of Yinson Production Offshore Pte Ltd's continuous efforts in innovating and introducing cutting-edge technologies to reduce emissions and in being the frontrunner in decarbonising the Floating Production Storage and Offloading (FPSO) industry.
This matter was awarded Marine Money's Offshore East Deal of the Year 2023.
Partner, Chong Yi Hong who led the transaction, commented: "We are pleased to have supported our client on this landmark transaction."