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BW Offshore moves ahead with $100m rights issue

Photo of Sam Chambers Sam ChambersJune 21, 2016
1 Less than a minute
BW Offshore

BW Offshore’s plan, first announced on May 23, to secure a long-term financial platform for the company has now received the required consents from all of its lending banks to implement the process.

Bondholders have already approved the required amendments to the company’s outstanding bond loan agreements.

Now BW Offshore will move ahead with a $100m rights issue, expected to be completed next month.

BW Offshore has a fleet of 14 owned FPSOs and one FSO. The company also operates additional two FPSOs.

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Photo of Sam Chambers Sam ChambersJune 21, 2016
1 Less than a minute
Photo of Sam Chambers

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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