Brazil’s OSX Gets $420m loan

OSX Brasil has received an 8.5 year $420m syndicated loan at 425bp over Libor, according to a regulatory filing. The loan will go towards the purchasing and customizing of OSX-1 drill ship, it adds. The transaction was led by Norway’s DVB Bank, with Credit Agricole, Eksportfinans, GIEK, ING Bank, Santander and ABN AMRO also participating, says the borrower. OSX is privately owned and constructs, assembles and repairs floating units and vessels for oil and gas exploration in Brazil.