Ocean Yield delivers ‘Geco Triton’
- Business & Finance
Norway’s Ocean Yield has informed that the vessel “Geco Triton” has now been delivered to its new owners.
The company recently announced the agreement for the sale of the 1991-built seismic vessel Geco Triton. According to the press release, Ocean Yield received net cash proceeds of $8.2 million from the sale of the vessel.
In addition, Ocean Yield entered into an agreement to increase one of its bank loan facilities by $50.5 million.
The company says that the loan proceeds will be used for funding of the equity portion of investments in vessels and for general corporate purposes. The final maturity of the bank facility is in September 2018.