Guyana Shore Base Inc. (GYSBI) has signed an agreement with NCB Merchant Bank (Trinidad and Tobago) Ltd for the disbursement of a syndicated term US$10M loan to fund the expansion of its operations.
NCB Merchant Bank (Trinidad and Tobago) Ltd is a subsidiary of the Jamaica-based NCB Capital Markets Group, which announced the signing.
“This bridging loan agreement is a precursor to a more significant multimillion-dollar deal involving NCBMBTTL and three other Guyana banks to provide capital for projects that will further build and enhance GYSBI’s capacity to support ExxonMobil’s offshore drilling campaign,” GYSBI General Manager Robert Albiez was quoted as saying in a statement issued by the Group.
