The UK-listed company has paid $24.4m for a 75% stake in Aberdeen DIS: a project for two Simek Yard-built UT 755 design PSVs.
The investment will be drawn down in two stages as each vessel delivers with the first payment of $12.75m due immediately and a further $11.65m in mid April 2015.
Senior debt financing for both vessels has been finalised and is being provided by Sparebanken AS for 65% of the contract value of the vessels.
The
