New Hayven Merchant Bank arranges US$25M finance for new Guyana shorebase

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New Hayven Merchant Bank has facilitated a US$25 million financing facility for Vreed-en-Hoop Shorebase Inc. (VEHSI). 

Collaborating closely with an external financial entity, New Hayven Merchant Bank said it led the structuring and deployment of the arrangement, tailored specifically to meet the unique requirements of VEHSI’s project. 

Guyana’s emergence as a key player in the global energy landscape presents strategic investment and development opportunities. New Hayven Merchant Bank said it recognizes the immense potential of the Guyanese economy and remains dedicated to empowering businesses within the region.

Big contract opportunities for Guyanese with VEHSI | OilNOW

Founder and Chairman of New Hayven Merchant Bank, Floyd Haynes, said “Our partnership with VEHSI in this landmark project exemplifies our commitment to fueling growth and fostering sustainable development.” He added. “As Guyana undergoes profound transformation, we are proud to serve as a trusted financial partner, providing tailored financing solutions and expertise to enable businesses to thrive in this dynamic environment.”

Beyond this collaboration, New Hayven Merchant Bank said it continues actively engaging with risk capital providers to deliver bespoke financing solutions and deploy capital across diverse sectors within Guyana.

VEHSI will serve as ExxonMobil’’s special purpose vehicle for the Yellowtail development – Guyana’s fourth deepwater project. Yellowtail is well advanced with the ONE GUYANA production vessel on track for the 2025 sail-away deadline


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