Moscow, May 13 - Neftegaz.RU. Sovcomflot (SCF Group) has signed a new $297 million limited recourse credit facility, for up to 10 years, with 3 leading international banks: ING Bank; KfW IPEX-Bank, and Crédit Agricole Corporate and Investment Bank.
This deal follows a similar $149 million credit facility signed in November 2018, between SCF Group and these three banks, to finance the construction of an LNG carrier, which will operate on long-term charter to Total.
Nikolay Kolesnikov, Executive Vice-President & CFO of Sovcomflot, said: “SCF Group is pleased with this new LNG project financing with its long-standing financial partners: ING Bank; KfW IPEX-Bank, and Credit Agricole CIB. We very much value the involvement of these 3 prominent lenders in this deal, which was accomplished in direct continuation of a similar LNG financing concluded with these banks in November 2018, reflecting the banks’ long-term and strong commitment to SCF Group. With the conclusion of this deal, the Group has addressed in full its capital expenditure funding requirements for the next 2 years.”