Caterpillar launches asset finance programme

Industry Database

Caterpillar Oil & Gas has launched a financial product that provides 100% financing for new offshore or marine assets, enabling customers to expand without risk.

Asset Financial Solution enables Caterpillar to offer customers a tailored solution to optimise their business and expand their fleets without raising additional capital or taking on project construction risk.
 
“Our message is clear: we have a proprietary new financing model for the offshore industry that can help our customers succeed and grow despite down cycle market conditions,” said Antti Ekqvist, offshore manager, Caterpillar Oil & Gas global.

“The Asset Financial Solution was developed to be a simple, succinct financing source available for the complete duration of a customer’s project from the start of construction to post delivery and operation,” he added.
 
The Asset Financial Solution affords customers zero project risk from the onset. The financial offering has the flexibility to account for all aspects of an offshore newbuild, including risk mitigation for unexpected construction or project costs.

Assets ideal, but not limited to, for the financing program include jack up and semi-submersible rigs, accommodation units, drillships, liftboats, offshore support vessels and tug boats.

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