(WO) — Yinson Manufacturing has accomplished the buy-out of the mission mortgage tied to FPSO Atlanta from Brava Energia S.A., paying a complete of roughly $257.4 million in money, together with $255.5 million in principal and $1.9 million in accrued curiosity.
FPSO Atlanta (Picture: Yinson Manufacturing)
The mortgage had an impressive steadiness of $408.8 million on the time of the transaction. Yinson used money available to fund the deal however plans to boost new debt financing for the FPSO sooner or later.
Yinson initially acquired FPSO Atlanta from Brava in 2023 by exercising a purchase order possibility. The vessel is working beneath a 15-year agency contract, with a five-year extension possibility, and reached first oil on December 31, 2024. The remaining contract worth is estimated at $2 billion.
