Close Menu
  • Home
  • Maritime
  • Offshore
  • Port
  • Oil & Gas
  • Energy
  • Technology
  • Incidents
  • Environment
  • Events
    • Maritime
    • Offshore
    • Oil & Gas
    • Energy
  • Advertising
  • Contact
Facebook X (Twitter) Instagram LinkedIn
Trending
  • Atargis Energy trials indicate 1.96 MW potential for wave energy converter
  • Aramco goes on contracting spree as US players split its $90 billion cake into 34 slices
  • DEME Acquires 50% Stake in BAUER Offshore Technologies
  • New Fortress Energy Charters FSRU for Dominican Republic LNG Terminal
  • Towage Delay Confounded Bulk Carrier Stranding
  • Viking Supply Ships adds to its AHTS fleet
  • UK Investigators Uncover Stability Issues Behind Tech Tycoon’s Superyacht Sinking
  • Erik Thun splashes fourth hybrid Lake Vanern Max ship
Facebook X (Twitter) Instagram LinkedIn
Maritime247.comMaritime247.com
  • Home
  • Maritime
  • Offshore
  • Port
  • Oil & Gas
  • Energy
  • Tech
  • Incidents
  • Environment
  • Events
    • Maritime
    • Oil & Gas
    • Offshore
    • Energy
  • Advertising
Maritime247.comMaritime247.com
Home»Offshore»Yinson Production secures deal with investors for $1bn funding
Offshore

Yinson Production secures deal with investors for $1bn funding

January 15, 2025
Facebook Twitter LinkedIn WhatsApp Reddit Tumblr Email
Share
Facebook Twitter LinkedIn Email

Singapore’s Yinson Production Secures $1 Billion Investment for Growth

Singapore-based floater owner and operator Yinson Production has recently announced a major milestone in its growth strategy with the securing of a $1 billion investment from a consortium of international investment companies. This significant investment is set to drive further expansion and development for the company.

Yinson Production, operating through its newly established UK-based holding company Yinson Production Offshore Holdings Limited, has entered into a definitive agreement with a consortium consisting of the Abu Dhabi Investment Authority’s subsidiary Platinum Lily B 2024 RSC, British Columbia Investment Management Corporation, and RRJ Group. The agreement involves the issuance of $1 billion in redeemable convertible preferred shares and 10% warrants at a post-money valuation of $3.7 billion.

Additionally, the agreement allows for the potential issuance of up to $500 million in additional redeemable convertible preferred shares within 24 months from the closing of the initial transaction.

The primary focus of the investment proceeds will be to support Yinson Production’s ongoing growth initiatives, with a portion of the funds earmarked for a $200 million distribution to the controlling shareholder, a subsidiary of Yinson Holdings.

Yinson Production’s CEO, Flemming Grønnegaard, expressed enthusiasm for the deal, stating, “This is one of the largest structured equity transactions in Southeast Asia and the first platform-level equity raise by Yinson Production. The growth capital will further strengthen our leading market position and enable us to seize opportunities in a robust FPSO market environment.”

The transaction is anticipated to be finalized in the first quarter of 2025, pending customary closing conditions such as regulatory approvals and shareholder consent from Yinson Holdings.

See also  Equinor Secures $3 Billion Financing for New York's 'Empire Wind 1' Project

Financial advisory services for the transaction were provided by the Singapore branch of UBS, with legal counsel from A&O Shearman assisting Yinson Production throughout the process.

Yinson Production currently operates a fleet of 10 vessels and boasts an order book exceeding $22 billion extending until 2048, positioning the company for continued success and growth in the offshore energy sector.

1bn deal Funding investors production Secures Yinson
Share. Facebook Twitter LinkedIn Tumblr Telegram Email

Related Posts

New Fortress Energy Charters FSRU for Dominican Republic LNG Terminal

May 15, 2025

Viking Supply Ships adds to its AHTS fleet

May 15, 2025

Scarborough FPU’s Topsides and Hull Come Together in Major Engineering Feat (Video)

May 15, 2025
Top Posts

Duties of Bosun (Boatswain) on a Ship

February 1, 2025

Sea-Doo Switch recall underway after serious safety concerns

March 2, 2025

CMA CGM settles US sexual harassment case

January 11, 2025

Canadian Freighter ‘Tim S. Dool’ Hard Aground in St. Lawrence River

December 26, 2024
Don't Miss
Offshore

France risks missing offshore wind target without policy reform

April 7, 2025

France at Risk of Missing Offshore Wind Installation Targets, Research Shows France is currently on…

China richer for another offshore project start-up featuring ‘green’ oil & gas development

April 14, 2025

UK and Eni to Start Construction of Liverpool Bay Carbon Storage Project

April 24, 2025

Saipem contracts four PSVs for work offshore Norway

April 3, 2025

Subscribe to Updates

Your Weekly Dive into Maritime & Energy News.

About Us
About Us

Stay informed with the latest in maritime, offshore, oil & gas, and energy industries. Explore news, trends, and insights shaping the global energy landscape.

For advertising inquiries, contact us at
info@maritime247.com.

Facebook X (Twitter) YouTube LinkedIn
Our Picks

Atlantica PSV fixed to Shell

April 5, 2025

Sudan Army Says RSF Attacks Key Port With Drones For First Time

May 5, 2025

TGS scores more 4D streamer work in the Barents Sea

February 22, 2025

Subscribe to Updates

Your Weekly Dive into Maritime & Energy News.

© 2025 maritime247.com - All rights reserved.
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • Advertising

Type above and press Enter to search. Press Esc to cancel.