Debt Financing

Prosafe is mainly financed by secured bank debt. In addition, one vessel (Safe Eurus) is financed by yard financing by Cosco.

Through the completion of a financial restructuring in December 2021, the company achieved a significant de-leveraging of ca. USD 1,100 million of total debt reduction which was equitized into 99% of Prosafe SE equity.

Following the financial restructuring of the balance sheet (in December 2021), the company had a total reinstated secured bank debt of USD 343 million with maturity end 2025. In addition, at year end 2021, the company had USD 93 million of yard financing with final maturity no later than August 2028.

Please refer to press release of 17 December 2021 – Successful financial restructuring and the annual report for 2021 for further information.

The use of our cookies

We use cookies and tracking technologies to make this website work and to help us understand how the site is used. With your agreement, we would also like to enable third party cookies to help us understand the effectiveness of our online marketing. You can use this tool to control how these cookies are used.

For more information visit our Cookies & Privacy page

Strictly Necessary Cookies

Necessary cookies enable core functionality such as page navigation and access to secure areas. The website cannot function properly without these cookies. You disable these by changing your browser preferences, but the website will not function properly.

We use cookies when you visit our site. These help us to give you the best experience on our website, analyse traffic and enable social media features. You can manage the cookies set on your device by clicking “Settings”. By clicking “Accept all”, you agree to the use of cookies unless you have disabled them. You can find out more information about cookies and about how we process personal data in our Cookies & Privacy page.

Accept All Settings