DUBAI, Jan.11 (Reuters) – Abu Dhabi’s offshore maritime services company ZMI Holdings announced on Tuesday that it had signed and closed a new senior secured financing facility of up to $ 500 million.

This will help ZMI invest more in its growing markets and provide committed and uncommitted facilities that can be used to make acquisitions and additional capital expenditures, the company said in a statement.

The facility consisted of a number of debt instruments, including a bridge facility provided by Goldman Sachs (GS.N), as well as senior syndicated facilities provided on the basis of conventional and Islamic Ijara financing.

The union includes several regional and UAE lenders.

The deal would consolidate the group’s debt by refinancing seven facilities and bilateral leases into a single security pool, ZMI said.

ZMI Holdings is an owner and operator of services and solutions of a specially designed fleet of self-elevating barges and complementary offshore supply vessels and subsea services.

Reporting by Saeed Azhar; Editing by Rashmi Aich

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