Singapore: Viking LR2, the newly established Singapore-based subsidiary of Viking Asset Management, has secured a S$6m loan to acquire a land rig or “other offshore and marine, oil and gas related asset”.
The funds will also be used as working capital and to pay off any outstanding debts, parent company Viking Offshore and Marine said in an exchange filing.
Viking LR2 signed a loan agreement with Tembusu Growth Fund II on December 1.
Singapore-based Tembusu Growth Fund II is a pan-Asian private equity fund managed by Tembusu Partners, which manages three other private equity funds across various sectors. [1/12/14]
RELATED STORY:
Viking LR2 established in Singapore
