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    Bourbon in 51 vessel deal

    News // May 9, 2013

    Seabrokers reports that Bourbon Offshore has signed an operating lease framework agreement for up to US$1.5 billion, relating to a sale and leaseback agreement with ICBC Financial Leasing (China) for up to 51 vessels.

    The deal covers the sale and bareboat charter back for a period of 10 years of up to 51 supply vessels. The transaction is scheduled to close within two months.

    Twenty-four of the vessels involved in the deal are already in service, with the remaining 27 newbuilds scheduled for delivery over the next 14 months.

    In the event of ICBC Financial Leasing selling any vessels during the lease period, Bourbon will have a right of first refusal for a purchase.

     

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