Eksfin backs OMS Group’s purchase of two fibre-optic cable-laying vessels from Ulstein

Oslo, Norway – Export Finance Norway (Eksfin) is providing guarantees of up to USD 183 million for OMS Group’s long-term financing of two cable-laying vessels from Norwegian shipbuilder Ulstein. The vessels will expand OMS Group’s capacity to install and maintain subsea fibre-optic cables carrying international data traffic.

Financing has now been secured for OMS Group’s four-vessel newbuilding programme. The two vessels supported by Eksfin’s guarantee, CS Resilience and CS Alliance, are designed by Ulstein Design & Solutions AS and scheduled for delivery from Ulstein Verft in Norway in 2028. Each will be 130 metres long and able to carry up to 6,500 tonnes of fibre optic cables.

Eksfin is supporting the transaction both during construction and through guarantees for OMS Group’s long-term bank financing.

“Our role is to support Norwegian exporters competing internationally. By financing Ulstein and OMS Group at different stages of this transaction, we help Norwegian suppliers secure business contracts abroad,” says Tone Lunde Bakker, CEO of Eksfin.

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