Windward Offshore has secured a senior loan facility for the post-delivery financing of its four Commissioning Service Operation Vessels (CSOVs), which are currently under construction at Vard.The financing agreement, signed at the end of last year with Crédit Agricole Corporate and Investment Bank (Crédit Agricole) and Export Finance Norway (Eksfin), provides a facility of up to EUR 182 million. The loan will be drawn in tranches upon the delivery of each vessel, which are scheduled for completion in 2025 and 2026.
