Okeanis Eco Tankers Corp has closed a US$113M loan from Dutch bank ABN AMRO
This senior secured credit facility will be used to refinance existing debt at significantly improved terms.
The loan will be used to refinance three tankers – the VLCC Nissos Keros and Suezmax vessels Kimolos and Folegandros – and prepay the company’s scrubber financing, at equal leverage terms. All three ships were built in 2019.
Okeanis said the facility will be repaid quarterly and matures over five years. It is priced at 190 basis points above the secured overnight financing rate and will be secured by the three tankers.
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