• Yinson Production secures 5-year corporate loan facility of up to USD 500 million,
including accordion
• Following the Yinson Group Strategy Review in 2022, Yinson Production has
independently closed a bank facility for the first time, marking a new milestone
• Strong support by banks underpins confidence in Yinson Production’s business model
and strategy
Yinson Production Offshore Pte Ltd (“Yinson Production”) is
pleased to announce the successful closing of a 5-year corporate loan facility of up to USD
500 million, including accordion (the “Facility”).
The proceeds of the Facility will be used for refinancing certain existing debt and general
corporate purposes. A portion of the Facility is specifically designated for green initiatives in
support of Yinson Production’s continuous efforts in innovating and introducing cutting-edge
technologies to reduce emissions and being the frontrunner in decarbonising the FPSO
industry towards the goal of net zero.
This Facility is the first of its kind raised by Yinson Production and underpins the banks’
confidence in Yinson Production as a leading independent owner and operator of FPSOs
worldwide as well as the robust fundamentals and attractiveness of the FPSO industry in the
global energy infrastructure space.
Natixis Corporate & Investment Banking acted as Coordinator, Mandated Lead Arranger and
Bookrunner (“MLAB”). Affin Bank Berhad, AmInvestment Bank Berhad, CIMB Islamic Bank
Berhad, ING Bank N.V., Singapore Branch, and UOB also acted as MLAB. A general syndication
process is expected to be launched in January 2024.
Commenting on the successful closing of the Facility, Yinson Production’s Chief Financial
Officer, Mr Markus Wenker said, “We are very pleased to have successfully completed this
transaction with the strong support of our banks and thank our bankers for their trust in us.
This is the first corporate loan raised by Yinson Production following the reorganisation and
decentralisation of Yinson Group earlier this year and showcases our ability to attract
financing along the entire capital structure, utilising Yinson Production’s balance sheet. The
corporate loan will help us to unlock further growth in an attractive FPSO market environment
and create value for our shareholders.”
