KfW IPEX-Bank will provide the offshore owner with $350m, which represents 50% of the financing before and after the delivery.
The two newbuildings were contracted in February 2014 and are due for delivery in February and July 2016.
German shipbuilder Flensburger Schiffbau-Gessellschaft (FSG) is building the two intervention vessels.
The shipyard was acquired by Siem Industries, the largest shareholder in Siem Offshore, in late September.
It
