Jacktel taps Maritime Asset Partners for $80m loan

Norway’s Jacktel has secured an $80m loan from a subsidiary of London-based ship finance boutique Maritime Asset Partners.

The offshore accommodation rig owner will use the net proceeds from the financing to fully refinance the existing senior secured bonds due in December this year.

The deal, maturing in December 2027, includes a monthly fixed interest rate of 10.1%, a tailored amortisation profile and the ability to pay dividends following a $12m voluntary prepayment.

“The new debt facility provides a clear roadmap towards paying dividends,” Jacktel said, adding: “The company is now focusing on strong commercial and operational performance while evaluating opportunities for enhancing shareholder values.”

Jacktel owns the 2011-built Haven, the only NCS-compliant harsh environment accommodation jackup in the market. The rig is managed by Macro Offshore Management.

Leave A Reply

Your email address will not be published. Required fields are marked *