KUALA LUMPUR: Bumi Armada Bhd
, via its subsidiary Armada TGT Ltd, has signed loan agreements worth US$341.1mil (RM1.08bil) with seven banks to fund the conversion, installation and deployment of its floating production, storage and offloading (FPSO) vessel Armada TGT 1 in Vietnam.
The banks are Sumitomo Mitsui Banking Corp as the coordinating bank, mandated lead arranger, facility agent, security agent and account bank.
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