OHT secures financing for Alfa Lift

4C Offshore | Tom Russell
By: 13/05/2021 OHT
OHT has announced that its wholly-owned ship owing company OHT Alfa Lift AS has received and accepted a firm offer, subject to satisfactory documentation, for a USD 135,000,000 Senior Secured Green ECA Credit Facility.

The facility is for the post-delivery financing of the company’s wind foundation installation vessel  
Alfa Lift. The facility is to be drawn upon delivery of the vessel; it has a five-year term and a 12-year repayment profile.

DNB Bank ASA is bookrunner and coordinator, and together with Sparebank 1 SR-Bank ASA mandated lead arranger. Further, the Norwegian Export Credit Agencies GIEK and Eksportkreditt are supporting the facility; their tranche is estimated to USD 82,600,000.

Scheduled for delivery in 2021,
Alfa Liftwill be the world’s largest custom-built offshore wind foundation installation vessel, equipped with a 3,000 t main crane. The ship’s 10,000 m² ‘smart’ deck will carry up to 14 XL monopiles per voyage and will also be fully submersible to a depth of 14.66m. Alfa Lift, of Ulstein design, is on schedule for delivery at the end of this year or early 2022.

For more information on installation and maintenance of major offshore wind farm components, click here.