Golden Ocean Group Secures $2 Billion Facilities Agreement for Merger with CMB.TECH

Golden Ocean Group Ltd has secured a $2 billion facilities agreement with a bank syndicate, including a $1,250 million term loan facility and a $750 million revolving credit facility. The agreement is contingent upon the completion of the merger with CMB.TECH in Q3 2025. The facilities provide substantial financial backing for the company, but the reliance on the merger's completion introduces a risk factor.

Golden Ocean Group Ltd (GOGL) has announced a significant financial development with the signing of a $2 billion facilities agreement with a bank syndicate. This agreement includes a $1,250 million term loan facility and a $750 million revolving credit facility, set to become available following the anticipated merger with CMB.TECH in the third quarter of 2025. The announcement was made on June 20, 2025, from Hamilton, Bermuda.

The $2 billion facilities agreement provides substantial financial backing for Golden Ocean Group Ltd as it prepares for the merger with CMB.TECH. The term loan facility of $1,250 million is expected to be drawn in the second and third quarters of 2025, offering timely financial support. CMB.TECH acts as the parent guarantor, indicating strong support and confidence in the merger's success.

However, the facilities agreement is contingent upon the completion of the merger, which introduces an element of uncertainty until finalized. The financial obligations associated with the $2 billion facilities could impact Golden Ocean's financial flexibility if the merger does not proceed as planned.

From a financial analyst's viewpoint, the $2 billion facilities agreement is a strategic move for Golden Ocean Group Ltd as it aligns with the company's growth and expansion plans through the merger with CMB.TECH. The term loan and revolving credit facilities provide the necessary liquidity to manage existing debts and support future operations. However, the reliance on the merger's completion introduces a risk factor that investors should monitor closely.

As a market research analyst, the merger between Golden Ocean Group Ltd and CMB.TECH represents a significant consolidation in the maritime and technology sectors. The financial backing from the bank syndicate underscores the market's confidence in the merger's potential to create a more robust and competitive entity. This development could lead to increased market share and operational efficiencies, benefiting stakeholders in the long term.

The total value of the facilities agreement is $2 billion, with components comprising a $1,250 million term loan facility and a $750 million revolving credit facility. The merger is expected to be completed in the third quarter of 2025, with CMB.TECH acting as the parent guarantor.

References:
[1] https://www.gurufocus.com/news/2937945/golden-ocean-group-ltd-gogl-secures-2-billion-facilities-agreement-amid-merger-plans-gogl-stock-news
[2] https://www.globenewswire.com/news-release/2025/06/20/3102936/0/en/GOGL-Golden-Ocean-and-CMB-TECH-signed-loan-facilities-of-2-billion-to-refinance-outstanding-debt-in-Golden-Ocean.html