Ocean Wilsons Holdings Ltd., in a filing to the Bermuda Stock Exchange (BSX), has announced that the company's principal operating subsidiary, Wilson Sons Ltd. has signed a $670 million financing agreement.

The financing agreement is between a subsidiary of the Wilson Sons Ultratug Offshore joint venture and BNDES as agent for the Fundo da Marinha Mercante (FMM). The 18-year financing is intended for the construction of 13 Offshore Support Vessels (OSVs).