Search results for: credit

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  • 28 September 2017
    Business & Finance

    Wilhelmsen Maritime Services AS, part of Norwegian Wilhelmsen Group, has entered into a new 5-year credit facility of USD 640 million.  As disclosed, the loan is being secured in the form of a “club deal” and it would be used to replace existing facilities. The Oslo-listed company informed of the new credit facility on Wednesday, […]

  • 18 May 2016
    Business & Finance

    U.S. investment firm KKR Credit today announced the further expansion of its Pillarstone platform in Europe through the signing of a binding agreement with Alpha Bank and Eurobank in Greece. KKR Credit said that the agreement builds on the successful progress of the Italian platform that was announced in June 2015. This could be a good sign […]

  • 11 January 2013
    Business & Finance

    Vestas confirms that final credit approval and documentation of the November agreement on credit facilities has now been obtained. Vestas’ credit facilities consist of credit lines of EUR 1,155m and a corporate Eurobond of EUR 600m. In addition to the credit facilities, Vestas has made an agreement on new guarantee facilities for issuance of project […]

  • 20 January 2020
    Business & Finance

    FAR Limited has received final credit aprovals for an underwritten USD 300 million senior secured reserve-based lending (RBL) facility for the Sangomar field development offshore Senegal. The approvals come after a joint Final Investment Decision for the field development signed by Woodside, as the operator, Cairn and FAR. FAR RBL facility has been approved by […]

  • 26 May 2017
    Business & Finance

    Following the IMO ratifications of the ballast water and exhaust gas treaties, Export Credit Norway is offering financing to international vessel owners who purchase retrofit equipment from Norwegian suppliers. Export Credit Norway has launched the new loans to support vessel owners who need to retrofit equipment such as gas exhaust cleaning systems, ballast water treatment systems and […]

  • 5 June 2014
    Business & Finance

    A.P. Møller – Mærsk A/S has today successfully completed a $5.1bn syndicated revolving credit facility with a selected group of 21 banks. The new facility is arranged by the company itself and refinances a $6.75bn facility maturing in 2015. A.P. Møller – Mærsk A/S has consequently proactively addressed the upcoming refinancing in 2015, taking advantage […]

  • 22 August 2016
    Business & Finance

    The German shipping bank Norddeutsche Landesbank (Nord/LB) has reached an agreement with KKR Credit to sell a portfolio of performing and non-performing shipping loans with a total volume of about USD 1.5 billion originated by NORD/LB. The deal, which is subject to completion of certain conditions precedents, would include up to 100 ships and would form the […]

  • 4 June 2015
    Business & Finance

    Vestas Wind Systems A/S has signed a new EUR 1.050bn revolving credit facility, available for loans as well as project-related guarantees (sub-limit for loans of up to EUR 500m). The new facility has a five-year duration with an option to extend the maturity for up to two additional years. The facility refinances the existing EUR […]

  • 10 June 2016
    Business & Finance

    US shipowner International Shipholding Corporation (ISH) has reached an agreement with its lenders under which the latter would forebear from exercising any rights or remedies before July 1, 2016 with respect to various defaults under the company’s credit facility. The company said the forbearance wold automatically terminate before July 1, 2016 if various events occur, including if other […]

  • 2 November 2017
    Business & Finance, Equipment, Technology

    SACE, an Italian export credit agency, said in their latest release that they have ensured Dragflow’s exports to the United Arab Emirates, worth € 5.5 million. “Dragflow, with the support of SACE, is consolidating its presence in Dubai. In 2016, in fact, the company ensured its exports, offering competitive payment conditions to its Emirate customers,” reported […]

  • 20 April 2016
    Business & Finance

    Dry bulk shipping company Safe Bulkers has managed to extend maturity of an existing credit facility with Nordea secured by one of its Capesize class vessels with an outstanding commitment of USD 30.3 million. Under the deal, the maturity will be pushed by two years from June 2019 to June 2021 and the balloon payment initially scheduled to be […]

  • 5 August 2013
    Business & Finance

    JES International Holdings Limited has entered into a letter of intent (LOI) with a US based private investment firm for a credit facility of up to a maximum aggregate of US$20 million with the option of the company to request an additional facility of up to a maximum aggregate of US$20 million. The tenure of […]

  • 5 December 2014

    Gazprom and UniCredit Bank signed a bilateral credit agreement worth EUR 390 million.

  • 21 December 2009

    CMA CGM has reached an agreement with its its financial partners regarding a USD 500 million credit line. “This important step will enable the group to pursue the current talks regarding its debt restructuring and a capital increase planned for the second half of 2010 with the arrival of new investors. In addition, the agreement […]

  • 7 April 2014

    Tullow Oil plc (Tullow) has refinanced its US$500 million corporate revolving credit facility and  has successfully increased the size of the facility to US$750 million and extended the tenor to April 2017. The arrangement is a fully committed, secured and revolving credit facility and replaces the previous facility which was due to expire in November […]

  • 14 July 2011
    Business & Finance

      Scorpio Tankers Inc. announced today that it has amended its 2010 Credit Facility converting it to a reducing revolving credit facility from a term loan and that it has agreed to time charter-in two vessels. The Company executed an amendment to its 2010 Credit Facility with Nordea Bank Finland plc, acting through its New […]

  • 7 November 2017
    Business & Finance

    Russian transportation and logistics firm Far-Eastern Shipping Company (FESCO) has inked a USD 680 million debt financing deal with VTB Bank. FESCO plans to use the credit facility to repay and/or settle a significant portion of its existing financial liabilities. PJSC Commercial Port of Vladivostok, a member of the group, will act as the borrower under […]

  • 28 December 2017
    Business & Finance

    DryShips has received commitments for credit facilities of up to an aggregate of USD 125 million.

  • 4 December 2019
    Business & Finance

    The Danish government has allocated DKK 14 billion (circa EUR 1.87 billion) to the Export Credit Agency (EKF) to finance exports of Danish climate technology, including offshore wind. The awarded amount is part of the DKK 25 billion allocated in the budget to Denmark’s Green Future Fund. According to EKF, this is set out in […]

  • 7 March 2017

    Gazprom signed a five-year €700 million (Approx: US$740 million) with France’s Credit Agricole Corporate & Investment Bank.

  • 21 July 2014
    Business & Finance

    TenneT Holding B.V. refinanced its existing EUR 1,125 million and EUR 500 million revolving credit facilities with a single facility of EUR 2 billion. The pricing of the facility, which can be used for general corporate purposes, was decreased and the maturity date was extended to July 2019 with two one-year extension options. Participating banks […]

  • 5 January 2018
    Business & Finance

    Moody’s said SIPG’s acquisition of a 50% stake in Shanghai Xingwaitan is credit negative.