News
11 February 2021

PGS restructures $300m ECA-backed loan

In:
Infrastructure, Oil & gas, Transport
Region:
Europe

Norwegian marine services provider Petroleum Geo-Services (PGS) has undergone a restructuring of its $305 million ECA-backed facility from 2014. The two lenders, SMBC and JBIC, have granted a grace period of two years in exchange for amended cash sweep provisions as part of a broader restructuring...

Exclusive subscriber content…

If you are a TXF subscriber, please login to continue reading

Login

Not yet a subscriber? Join us today to continue accessing content without any restrictions

View our subscription options

Or to request access to TXF Intelligence contact us

Request Access

You might also like


Video
29 October 2025

10 mins with: PuiYin Tham, Marubeni

TXF spoke with PuiYin Tham, vice president of business development at Marubeni to outline the benefits of taking the ECA funding route and how the Japanese developer’s deal...

Perspective
31 October 2025

Aliança Energia: Vale taps GIP’s firepower

Global Infrastructure Partners' $1 billion swoop for Aliança Energia highlights the changing structure of Brazil's electricity market. Big commodities producers and...