Next Geosolutions (NextGeo), the Naple-based marine geosciences and offshore construction support group, has announced the execution of a financing agreement for a total value of approximately $112m to support the acquisition of the new offshore vessel Siem Day (subsequently renamed NG Supporter) from the Norwegian company Siem Day II AS.

The two Italian banks Intesa Sanpaolo and Cassa Depositi e Prestiti (CDP) supported the transaction with financing covering 70% of the total investment, with a repayment term of 10 years, as NextGeo informs.

In particular, Intesa Sanpaolo, acting as lead bank, underwrote 60% of the financed amount, while CDP contributed the remaining 40%.

Attilio Ievoli, chairman of NextGeo, commented: “In this transaction, the support of institutions such as Intesa Sanpaolo and CDP has been fundamental to the acquisition of an asset like NG Supporter, a vessel that represents a true added value for the diversification of our activities across our reference markets. Its technical features and onboard systems make NG Supporter a strategic asset in the subsea sector, enhancing the Group’s capabilities in delivering offshore construction support services. In this context, its addition to our fleet marks a concrete step forward in our industrial growth path and in strengthening the Group’s positioning in international markets.”