NIBC helps finance Falcon Global liftboatsVessel & ROV News // September 21, 2015
NIBC has joined forces with DNB Bank and Clifford Capital in Singapore to finance two offshore liftboats for client Falcon Global LLC.
Dubai-based Falcon Global is a 50/50 joint venture between long-standing NIBC client Seacor Holdings and US lift boat specialist Montco Offshore.
Its relationship with New-York listed Seacor dates back to 2006, when it joined a consortium that provided it with a revolving credit facility.
Falcon Global LLC will use the US$80.5 million senior secured loan to finance the construction and operation of the two liftboats, which it plans to deploy in the Middle East.
They are currently being built at Triyards shipyard in Vietnam, with expected delivery in the second quarter of 2016.