SBM Offshore signs US$400 million Sale and Leaseback agreement for FPSO Cidade de Paraty
SBM Offshore has announced a significant financial agreement, signing a US$400 million non-recourse sale and leaseback financing for FPSO Cidade de Paraty with a tenor of 8 years. The transaction is set to complete by end of April 2025.
The FPSO is currently owned by a special purpose company, with SBM Offshore holding a 63.125% stake and partners owning 36.875%. Under the new agreement, ownership will transfer to four Chinese leasing companies, while SBM Offshore and partners will continue operations and maintenance for the remaining 8.5 years of the initial charter.
This marks SBM Offshore's first sale and leaseback financing, demonstrating the company's capability to provide innovative long-term financing solutions while maintaining its operational expertise in deepwater ocean infrastructure.
SBM Offshore ha annunciato un importante accordo finanziario, firmando un finanziamento di vendita e leasing non ricorso di 400 milioni di dollari USA per l'FPSO Cidade de Paraty con una durata di 8 anni. La transazione dovrebbe completarsi entro la fine di aprile 2025.
L'FPSO è attualmente di proprietà di una società a scopo speciale, con SBM Offshore che detiene una quota del 63,125% e i partner che possiedono 36,875%. Sotto il nuovo accordo, la proprietà sarà trasferita a quattro società di leasing cinesi, mentre SBM Offshore e i partner continueranno le operazioni e la manutenzione per i restanti 8,5 anni del contratto iniziale.
Questo segna il primo finanziamento di vendita e leasing di SBM Offshore, dimostrando la capacità dell'azienda di fornire soluzioni di finanziamento innovative a lungo termine mantenendo la propria esperienza operativa nelle infrastrutture oceaniche in acque profonde.
SBM Offshore ha anunciado un acuerdo financiero significativo, firmando un financiamiento de venta y arrendamiento sin recurso de 400 millones de dólares estadounidenses para el FPSO Cidade de Paraty con un plazo de 8 años. Se espera que la transacción se complete a finales de abril de 2025.
El FPSO es actualmente propiedad de una empresa de propósito especial, con SBM Offshore poseyendo una participación del 63,125% y los socios poseyendo 36,875%. Bajo el nuevo acuerdo, la propiedad se transferirá a cuatro empresas de arrendamiento chinas, mientras que SBM Offshore y los socios continuarán con las operaciones y el mantenimiento durante los restantes 8,5 años del contrato inicial.
Esto marca el primer financiamiento de venta y arrendamiento de SBM Offshore, demostrando la capacidad de la empresa para proporcionar soluciones de financiamiento innovadoras a largo plazo mientras mantiene su experiencia operativa en infraestructura oceánica en aguas profundas.
SBM Offshore는 4억 달러 규모의 비상환 판매 및 임대 금융 계약을 체결했다고 발표했습니다. 이 계약은 FPSO Cidade de Paraty에 대한 것으로, 기간은 8년입니다. 거래는 2025년 4월 말까지 완료될 예정입니다.
FPSO는 현재 특수 목적 회사가 소유하고 있으며, SBM Offshore는 63.125%의 지분을 보유하고 있고, 파트너들은 36.875%를 소유하고 있습니다. 새로운 계약에 따라 소유권은 네 개의 중국 임대 회사로 이전되며, SBM Offshore와 파트너들은 초기 계약 기간의 나머지 8.5년 동안 운영 및 유지 관리를 계속 수행할 것입니다.
이것은 SBM Offshore의 첫 번째 판매 및 임대 금융으로, 회사가 심해 해양 인프라에서 운영 전문성을 유지하면서 혁신적인 장기 금융 솔루션을 제공할 수 있는 능력을 보여줍니다.
SBM Offshore a annoncé un accord financier significatif, signant un financement de vente et de location sans recours de 400 millions de dollars américains pour le FPSO Cidade de Paraty d'une durée de 8 ans. La transaction devrait être finalisée d'ici la fin avril 2025.
Le FPSO est actuellement détenu par une société à but spécial, SBM Offshore détenant une participation de 63,125% et les partenaires détenant 36,875%. Dans le cadre du nouvel accord, la propriété sera transférée à quatre sociétés de leasing chinoises, tandis que SBM Offshore et les partenaires continueront les opérations et la maintenance pour les 8,5 années restantes du contrat initial.
Cela marque le premier financement de vente et de location de SBM Offshore, démontrant la capacité de l'entreprise à fournir des solutions de financement innovantes à long terme tout en maintenant son expertise opérationnelle dans l'infrastructure océanique en eaux profondes.
SBM Offshore hat eine bedeutende Finanzierungsvereinbarung bekannt gegeben und ein 400 Millionen US-Dollar nicht rückzahlbares Verkaufs- und Leasingfinanzierung für das FPSO Cidade de Paraty mit einer Laufzeit von 8 Jahren unterzeichnet. Die Transaktion soll bis Ende April 2025 abgeschlossen sein.
Das FPSO gehört derzeit einer speziellen Zweckgesellschaft, wobei SBM Offshore eine 63,125%-Beteiligung hält und die Partner 36,875% besitzen. Im Rahmen der neuen Vereinbarung wird das Eigentum an vier chinesische Leasinggesellschaften übertragen, während SBM Offshore und die Partner die Betriebs- und Wartungsarbeiten für die verbleibenden 8,5 Jahre des ursprünglichen Vertrags fortsetzen werden.
Dies ist die erste Verkaufs- und Leasingfinanzierung von SBM Offshore und zeigt die Fähigkeit des Unternehmens, innovative langfristige Finanzierungslösungen anzubieten, während es seine operative Expertise in der Tiefseeinfrastruktur beibehält.
- Secured substantial US$400 million financing through sale and leaseback agreement
- Maintains operational control and revenue stream for 8.5 years
- Demonstrates ability to access diverse financing options through Chinese leasing partners
- Retains majority stake in operational partnership (63.125%)
- Transfer of asset ownership to external parties
- Increases financial obligations through leaseback arrangement
Amsterdam, April 9, 2025
SBM Offshore announces it has signed a non-recourse sale and leaseback financing agreement for FPSO Cidade de Paraty for the total amount of US
FPSO Cidade de Paraty is owned by a special purpose company owned by affiliated companies of SBM Offshore (
SBM Offshore and its partners continue to operate and maintain the asset until the end of the initial charter and operate contracts for the remaining period of 8.5 years.
Douglas Wood, CFO of SBM Offshore, commented:
“We are very pleased to have signed the refinancing of FPSO Cidade de Paraty, the Company’s first sale and leaseback financing. With this strategic transaction we are demonstrating once again the value of our unique lifecycle offering not only from an execution and operation standpoint but also in our ability to continue to provide innovative long-term financing solutions for our clients. We appreciate the continued support from our Chinese leasing partners.”
Corporate Profile
SBM Offshore is the world’s deepwater ocean-infrastructure expert. Through the design, construction, installation, and operation of offshore floating facilities, we play a pivotal role in a just transition. By advancing our core, we deliver cleaner, more efficient energy production. By pioneering more, we unlock new markets within the blue economy.
More than 7,800 SBMers collaborate worldwide to deliver innovative solutions as a responsible partner towards a sustainable future, balancing ocean protection with progress.
For further information, please visit our website at www.sbmoffshore.com.
| Financial Calendar | Date | Year | |
| Annual General Meeting | | April 9 | 2025 |
| First Quarter 2025 Trading Update | | May 15 | 2025 |
| Half Year 2025 Earnings | | August 7 | 2025 |
| Third Quarter 2025 Trading Update | | November 13 | 2025 |
| Full Year 2025 Earnings | | February 26 | 2026 |
For further information, please contact:
Investor Relations
Wouter Holties
Corporate Finance & Investor Relations Manager
| Phone: | +31 (0)20 236 32 36 |
| E-mail: | wouter.holties@sbmoffshore.com |
| Website: | www.sbmoffshore.com |
Media Relations
Giampaolo Arghittu
Head of External Relations
| Phone: | +31 (0)6 212 62 333 / +39 33 494 79 584 |
| E-mail: | giampaolo.arghittu@sbmoffshore.com |
| Website: | www.sbmoffshore.com |
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Disclaimer
Some of the statements contained in this release that are not historical facts are statements of future expectations and other forward-looking statements based on management’s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance, or events to differ materially from those in such statements. These statements may be identified by words such as ‘expect’, ‘should’, ‘could’, ‘shall’ and / or similar expressions. Such forward-looking statements are subject to various risks and uncertainties. The principal risks which could affect the future operations of SBM Offshore N.V. are described in the ‘Impacts, Risks and Opportunities’ section of the 2024 Annual Report.
Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results and performance of the Company’s business may vary materially and adversely from the forward-looking statements described in this release. SBM Offshore does not intend and does not assume any obligation to update any industry information or forward-looking statements set forth in this release to reflect new information, subsequent events or otherwise.
This release contains certain alternative performance measures (APMs) as defined by the ESMA guidelines which are not defined under IFRS. Further information on these APMs is included in the 2024 Annual Report, available on our website Annual Reports - SBM Offshore.
Nothing in this release shall be deemed an offer to sell, or a solicitation of an offer to buy, any securities. The companies in which SBM Offshore N.V. directly and indirectly owns investments are separate legal entities. In this release “SBM Offshore” and “SBM” are sometimes used for convenience where references are made to SBM Offshore N.V. and its subsidiaries in general. These expressions are also used where no useful purpose is served by identifying the particular company or companies.
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FAQ
What is the value and duration of SBM Offshore's (SBFFF) sale and leaseback agreement for FPSO Cidade de Paraty?
How will the ownership structure change for FPSO Cidade de Paraty under the new agreement?
What is the remaining operational period for FPSO Cidade de Paraty under SBM Offshore's management?
How does this sale and leaseback agreement impact SBM Offshore's (SBFFF) financing strategy?
