#USA #Las Vegas #CSG Investments #Marine Money #Beal Bank USA

Beal Bank USA Wins Marine Money Offshore Bank Debt Deal of the Year Award for 2024

Beal Bank USA proudly announces its achievement of the sought-after Marine Money Offshore Bank Debt Deal of the Year Award for 2024. This prestigious accolade marks a significant milestone in the bank's commitment to excellence within the maritime financing domain. In February 2024, Beal Bank USA initiated a financing deal worth $275 million to support Eldorado Drilling, which is based in Oslo, Norway. The funds were allocated specifically for the acquisition and subsequent upgrade of the state-of-the-art 7th generation drillship, Atlantic Zonda.

As the transaction progressed, both Beal Bank USA and Eldorado Drilling recognized the need for further investment. In December 2024, they mutually agreed to expand the financing commitment by an additional $275 million, totaling $550 million. This increase in commitment enabled Eldorado to efficiently procure the second drillship in this advanced class, known as the West Draco.

Farzin Dinyarian, Head of Oil and Gas at Beal Bank USA's commercial lending subsidiary, CSG Investments, expressed pride in this recognition. “Winning Marine Money's Offshore Bank Debt Deal of the Year for the second consecutive year showcases our skillful approach as lenders, particularly in the oil and gas sectors,” stated Dinyarian. This award underscores the bank's vital role in understanding and meeting the financing needs of its clients.

Andy Longhurst, who leads the shipping sector for CSG Investments, added, “Following our success with Marine Money's Jones Act Deal of the Year for 2023, we are truly grateful to secure the Offshore Bank Debt Deal of the Year this time around. This recognition reaffirms our dedication to the maritime industry, and we are eager to expand our presence as opportunities arise.”

Beal Bank USA remains committed to providing essential capital to businesses that play a crucial role in global oil and gas production. The bank is headquartered in Las Vegas, Nevada, and boasts assets totaling approximately $16.2 billion as of March 2025, earning a reputation as a stable and well-capitalized financial institution.

CSG Investments, Inc., affiliated with Beal Bank USA and located near Dallas, Texas, focuses on delivering flexible and innovative capital solutions across various commercial and industrial sectors. With the capability to provide up to $1 billion per transaction, CSG Investments continues to serve as a comprehensive source for financing, adhering to the needs of its diverse clientele while promoting growth in critical industries such as maritime operations.

This recognition by Marine Money not only highlights Beal Bank USA's successful ventures into maritime finance but also strengthens its ongoing commitment to innovation and support within the oil and gas sectors globally. As the bank continues to navigate through evolving market demands, it remains focussed on reinforcing its partnerships and providing accessible financing solutions in the maritime space.

For inquiries or further information, contact:

• - Farzin Dinyarian (Email: [email protected]; Phone: 469-467-5736)
• - Andy Longhurst (Email: [email protected]; Phone: 469-467-5537)
• - Damien Reynolds (Email: [email protected]; Phone: 469-467-5618)

This latest recognition not only cements Beal Bank USA’s position in the financial sector but also marks an impressive contribution to the maritime financing landscape, encouraging further achievements ahead.