Financing has now been secured for OMS Group’s four-vessel newbuilding program. The two vessels supported by Eksfin’s guarantee, CS Resilience and CS Alliance, are designed by Ulstein Design & Solutions AS and scheduled for delivery from Ulstein Verft in Norway in 2028. Each will be 130 meters long and able to carry up to 6,500 tonnes of fiber optic cables.
Eksfin is supporting the transaction both during construction and through guarantees for OMS Group’s long-term bank financing.
“Our role is to support Norwegian exporters competing internationally. By financing Ulstein and OMS Group at different stages of this transaction, we help Norwegian suppliers secure business contracts abroad,” said Tone Lunde Bakker, CEO of Eksfin.
“Financing is an important part of competing for international shipbuilding contracts. Working closely with Eksfin and the banks has helped us put this transaction together,” said CFO Johannes Volle at Ulstein.
OMS Group is a global, neutral, and integrated digital infrastructure service provider with capabilities spanning subsea cable installation and maintenance, cable landing stations, and marine and terrestrial connectivity. Its four new fiber-optic cable-laying vessels, scheduled for delivery in 2027 and 2028, will expand its capacity to meet growing demand for subsea connectivity.
Eksfin’s guarantee supports financing for the two vessels from Ulstein. The other two vessels will be built at a Dutch-owned yard in Vietnam, with financing supported by Atradius Dutch State Business N.V. (Atradius).
Commercial banks are providing the loans under the export credit agency-backed facilities. Standard Chartered and HSBC acted as joint global coordinators, bookrunners, and ECA coordinators for the transaction.
