April 30, 2024 SBM Offshore reports the transaction details related to its EUR65 million (c. US$70 million) share repurchase program for the period April 25, 2024 through April 30, 2024. The repurchases were made under the EUR65 million share repurchase program announced on February 29, 2024 and effective from March 1, 2024. The objective of the program is to reduce share capital. Information regarding the progress of the share repurchase program and the aggregate of the transactions (calculated
April 17, 2024 SBM Offshore is pleased to announce that it has secured a US$250 million term loan facility. The facility will be fully drawn in the coming days to finance Floating Production, Storage and Offloading vessel (FPSO) construction activities. The tenor of the bridge loan is twelve months with an extension option for another six months. Repayment is expected from first drawdown of the construction financing of FPSO Jaguar. Corporate Profile SBM Offshore designs, builds, installs and op
Key Insights Significant control over SBM Offshore by retail investors implies that the general public has more power...