The refinancing, which was comprised of a total of six lenders, aims to enable Ezion to restructure its debt activities. This refinancing comprised of minimal fixed principal repayments split over a period of 6 years and a considerable decrease in the interest rates.
Ezion is understood to own one of the largest and most sophisticated fleet of liftboats across the world. Its activities essentially focus on investment holding and management services and, it is in fact one of the leaders in the development, ownership and chartering of strategic offshore assets. Its services are focused on owning, chartering and the management of rigs and vessels within the oil and gas industry.
Appleby advised OCBC on all aspects of Mauritius law with a particular focus on creating a secured security package to support the refinancing.
Appleby’s Mauritius included Partner Sharmilla Bhima, Associate Hasseena Mahamoodally, Indra Govind and Trainee, Dylan Mannikum.