BOURBON (EPA:GBB) BOURBON - Press Release : Program to finance growth - New bank loans worth 420 M€

Transparency directive : regulatory news

21/06/2012 07:15

PRESSE RELEASE

                                                       Paris, June 21st, 2012,

                           Program to finance growth
                    New bank loans worth 420 million euros

To support its growth and finance its investment program for new vessels,
BOURBON announces the establishment of new financing for a total of 420 million
euros.

The financing takes the form of a new Club Deal for a total of 240 million
euros with a syndicate of 8 French banks on one hand and on the other hand
BOURBON's strengthening of the geographical diversification of its finance,
obtaining loans from 6 foreign banks for a total equivalent to around
180 million euros. This financial diversification continues to be consistent
with the Group's strategy.
The legal documentation for these loans should be finalized by the end of
July 2012.

Commenting on the announcement, Laurent Renard, Executive Vice President and
Chief Financial Officer, said: "BOURBON is in line with its 2015 Leadership
Strategy plan. Backed by the confidence of its banking partners, BOURBON is
implementing its investment pro gram and pursuing its growth in offshore marine
services, in an environment driven by the development and maintenance of
offshore oil and gas fields for which clients require latest-generation vessels
that are safe, operationally efficient and economical. In particular, this new
financing will contribute to ensuring that new vessels can continue to join the
fleet at the rate of 1 new vessel every 12 days."

About BOURBON
BOURBON offers oil & gas companies with the most demanding requirements a
comprehensive range of surface and subsea marine services for offshore oil &
gas fields and wind farms, based on an extensive range of latest-generation
vessels. The Group provides a local service through its 27 operating
subsidiaries, close to clients and their operations, and it guarantees the
highest standards of service quality and safety worldwide.

BOURBON has two operating Activities (Marine Services and Subsea Services) and
also protects the French coastline for the French Navy.

Under the "BOURBON 2015 Leadership Strategy" plan, the Group is investing US$2
billion in a large fleet of innovative and high-performance and built-in series
offshore vessels.

In 2011, BOURBON posted revenues of EUR1.008 billion and operated a fleet of
443 vessel (as of March 31, 2012)

Classified by ICB (Industry Classification Benchmark) in the "Oil Services"
sector, BOURBON is listed for trading on Euronext Paris, Compartment A, and is
included in the Deferred Settlement Service SRD and in the SBF 120, CAC Mid 60
and DowJones Stoxx 600 indices.

CONTACTS

Publicis Consultants
Jérôme Goaer           +33 (0)1 44 82 46 24  -
                       jerome.goaer@consultants.publicis.fr
Véronique Duhoux       +33 (0)1 44 82 46 33   -
                       veronique.duhoux@consultants.publicis.fr
Vilizara Lazarova      +33 (0)1 44 82 46 34  -
                       vilizara.lazarova@consultants.publicis.fr

BOURBON
Investors - Analysts - Shareholders Relations
Patrick Mangaud        +33 (0)1 40 13 86 09 -
                       patrick.mangaud@bourbon-online.com
Communications Department
Christa Roqueblave     +33 (0)1 40 13 86 06 -
                       christa.roqueblave@bourbon-online.com

                            www.bourbon-online.com

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BOURBON (EPA:GBB) BOURBON - Press Release : Program to finance growth - New bank loans worth 420 M€

Transparency directive : regulatory news

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