Oasis 5 is priced at €1.272bn, or $1.425bn, Edge 3 at €707m, or $792m, and Edge 4 at €741m, or $830m, according to a filing. (The dollar figures here are based on the exchange rate of €1.12 to the dollar at the time of the orders.)
The credit facilities cover up to 80% of the price for each newbuild. The loans for Oasis 5 and Edge 4 will be denominated in dollars while the loan for Edge 3 will be euro-denominated.
Each unsecured 12-year loan is guaranteed by the French export credit agency Bpifrance Assurance Export. Interest on the dollar-denominated loans is at a fixed rate of 3.18%, inclusive of margin, while interest on the euro-denominated loan is at a fixed rate of 1.28%.
Citbank Europe plc, UK branch, is facility agent. Citibank N.A., London branch, is global coordinator, HSBC France is French coordinating bank and Sumitomo Mitsui Banking Corp. Europe Ltd., Paris branch, is ECA agent.
Mandated lead arrangers are Citibank N.A., London branch; Banco Santander, S.A.; BNP Paribas, HSBC France, Société Générale and Sumitomo Mitsui Banking Corp. Europe Ltd., Paris Branch.
Oasis 5 is scheduled for delivery in spring 2021, Edge 3 in fall 2021 and Edge 4 in fall 2022.
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