GasLog Completes Refinancing of Existing Facility (Monaco)

GasLog announced the finalization of the refinancing of the debt facility of Gas-two Ltd., the owner of the LNG carrier GasLog Singapore.

A term loan facility of USD 110 million has been signed and drawn, and a revolving credit facility of up to USD 50 million has also been signed with DNB Bank ASA, acting through its London Branch, UBS AG, National Bank of Greece S.A., Commonwealth Bank of Australia and Skandinaviska Ensklida Banken AB (publ).

The amounts will be used for refinancing the previous facility and for general corporate purposes. The previous facility was with DnB Nor Bank ASA, National Bank of Greece and UBS AG.

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LNG World News Staff, June 1, 2013; Image: GasLog