Songa Offshore SE: Songa Offshore secures USD 1.1 billion credit facility for Cat D 3 and 4

Songa Offshore SE: Songa Offshore secures USD 1.1 billion credit facility for
                                Cat D 3 and 4

Songa Offshore SE (the  "Company") has received a  firm commitment from  banks 
and an Export Credit Agency for the financing  of the Cat D 3 and 4  newbuilds 
with a pre-delivery financing  of USD 90 million  per rig and a  post-delivery 
financing of  USD 550  million per  rig. The  terms of  the financing  are  at 
competitive terms and the Company plans to complete final documentation of the
transactions in  third quarter  2014.  The commercial  tranche of  the  senior 
secured credit facility is underwritten.

Limassol, Cyprus
27 June 2014

For further information, please contact:
Jan Rune Steinsland, CFO (+47 970 52 533)



This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)

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Source: Songa Offshore SE via Globenewswire
HUG#1805190
 
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