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Sequoia Economic Infrastructure Income Fund makes USD50m loan to EXMAR

Sequoia Economic Infrastructure Income Fund (SEQI), a FTSE250 specialist economic infrastructure lender, has signed a private bilateral three-year facility agreement of up to USD50 million to EXMAR, the Euronext listed maritime and offshore solutions provider. 

EXMAR will use the loan to repay part of the current NOK650 million bond issued by EXMAR Netherlands BV at maturity (May 2022).
 
David Fussell, Vice President at Sequoia Investment Management, says: “We have built a strong relationship with EXMAR since our first investment with the company in 2018 and are pleased to announce this new three-year facility. We believe LNG has a significant role to play in the energy transition and EXMAR’s key infrastructure assets are well placed to benefit from the current dynamics in energy markets. 

“As the investment landscape continues to evolve with a focus on sustainable solutions, we are also excited to continue our partnership with EXMAR who are at the forefront of developing ammonia fuelled ships, CO2 and hydrogen transport solutions.”

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