Search results for: refinancing

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  • 7 July 2015
    Business & Finance

    Tanker owner American Shipping Company ASA has received firm commitments for a USD 500 million refinancing of its secured bank debt from a group of lenders. The refinancing is structured in two separate facilities; one being a USD 350 million facility with a club of four banks consisting of BNP Paribas, Credit Agricole, SEB and […]

  • 7 July 2015
    Business & Finance

    Tanker owner American Shipping Company ASA has received firm commitments for a USD 500 million refinancing of its secured bank debt from a group of lenders. The refinancing is structured in two separate facilities; one being a USD 350 million facility with a club of four banks consisting of BNP Paribas, Credit Agricole, SEB and […]

  • 2 May 2018
    Business & Finance

    Costamare in fleet renewal mode as it refinances outstanding loan.

  • 28 September 2015
    Business & Finance

    Norwegian shipping and tank terminal company Odfjell SE has secured loan financing with several lenders worth a total of USD 190.5 million. The first loan has been entered into with DNB Bank ASA, Danske Bank AS, DVB Bank America N.V and Swedbank AB for refinancing of existing loans for three chemical tankers. The vessels in question […]

  • 5 September 2016
    Business & Finance

    Prosafe, an operator of semi-submersible accommodation vessels, has gained support from its lenders for the proposed refinancing plan announced in July this year.  Prosafe said on Monday that all lenders of the company’s $1.3 billion and $288 million bank facilities have now confirmed their approval in favor of the refinancing. With this, the company noted, […]

  • 29 February 2016
    Business & Finance

    Danish shipping company Hafnia Tankers signed a USD 360 million loan on February 23 to refinance twelve medium range (MR) product tankers and provide post-delivery financing for the company’s six MR newbuilds. The credit, set to mature in March 2023, is comprised of a USD 124 million term loan, a USD 100 million revolving credit facility and a USD 136 million delayed draw term loan facility. […]

  • 5 July 2017
    Business & Finance

    Volstad Maritime, a Norwegian operator of seismic exploration, diving, offshore IRM and construction vessels, has established a fully funded refinancing plan for the company and certain of its subsidiaries that in principle is supported by its secured bank lenders. The company and its key stakeholders have for some time been working on refinancing of the group’s financial […]

  • 16 November 2018
    Business & Finance

    Safe Bulkers has concluded its refinancing actions with a USD 51.4 million loan facility.

  • 3 January 2018
    Business & Finance, Research & Development

    3i Infrastructure has completed an EUR 376 million refinancing of Esvagt, which is expected to enable the Danish vessel supplier to continue its offshore wind services expansion.

  • 9 May 2018
    Business & Finance

    FSL Trust Management is to secure refinancing for FSL Trust’s two chemical tankers, FSL New York and FSL London.

  • 24 June 2020
    Business & Finance

    Athens-based owner and provider of containerships for charter Costamare has concluded its refinancing program launched at the beginning of this year, securing a total of over $435 million in new loans since January. The conclusion of the refinancing efforts has been marked with the execution of the latest two loans worth a total of $140 […]

  • 15 July 2019
    Business & Finance

    Beatrice Offshore Windfarm Ltd (BOWL), the owner of the 588MW Beatrice offshore wind farm, has achieved a financial close on a refinancing of its senior debt facilities. The refinancing comprises primarily commercial bank debt and also includes an institutional tranche. Several of the project’s original lenders have remained in the refinancing and the project has […]

  • 26 November 2015
    Business & Finance

    American Shipping Company (AMSC) said that it has closed its previously signed agreement for USD 450 million refinancing of its secured vessel debt. The refinancing is structured in two separate facilities; one being a USD 300 million facility secured by eight vessels with a syndicate of three banks consisting of BNP Paribas, SEB and Credit Agricole […]

  • 30 December 2019
    Business & Finance

    DOF Group has made progress is negotiating with its banks and bondholders with a view to finding sustainable long-term financing structure that is aligned with the current market environment.  The bondholders in each of DOFSUB07, DOFSUB08 and DOFSUB09 bond loans resolved to continue and extend the engagements on certain terms and conditions which are deemed […]

  • 20 July 2017
    Business & Finance

    German-Danish ferry operator Scandlines has completed an EUR 862 million (USD 991.5 million) refinancing comprising of a six-year bank tranche, an 11-year institutional tranche and associated revolving credit and liquidity facilities. The new debt facilities have been structured on a secured infrastructure style basis, are rated BBB by Fitch and are fully yielding. The company said […]

  • 6 January 2016
    Business & Finance

    Euroseas Ltd., Greek owner and operator of drybulk and container carrier vessels, has pushed delivery schedules for its remaining three newbuildings. Delivery of its two Ultramax vessels is now expected to be in April and July 2016, respectively, a delay of five month each from the original schedule. In addition, delivery of its second Kamsarmax […]

  • 28 September 2015
    Business & Finance

    Norwegian shipping and tank terminal company Odfjell SE has secured loan financing with several lenders worth a total of USD 190.5 million. The first loan has been entered into with DNB Bank ASA, Danske Bank AS, DVB Bank America N.V and Swedbank AB for refinancing of existing loans for three chemical tankers. The vessels in question […]

  • 16 June 2020
    Business & Finance, Business developments & projects

    Japan’s Inpex said on Tuesday it has completed previously launched refinancing of part of the funding for its Ichthys liquefied natural gas export project in Australia. The refinancing deal includes a portion of the project finance loans arranged in 2012 with export credit agencies and commercial banks. It includes loan conversions and improved borrowing conditions. […]

  • 21 October 2019
    Business & Finance

    The USD 201 million facility has a five-year term and includes a USD 10 million tranche for future acquisitions.

  • 16 June 2016
    Business & Finance

    Norway-based shipping company Grieg Star has completed a USD 400 million senior debt refinancing involving extended maturities for the financing of 23 vessels in the fleet. Loans with original expiry set for 2017/2018 were extended for five or more years with new expiry being 2021 or beyond. The refinancing was completed with five European banks. […]

  • 2 March 2018
    Business & Finance, Equipment

    Norwegian geophysical services company EMGS has launched a refinancing proposal as it requires additional funding injection to keep the company running.  An independent board of directors of EMGS, which did not include board members representing the major shareholders has, in cooperation with the company’s three largest shareholders, developed a comprehensive refinancing proposal. The refinancing consists […]

  • 14 August 2018
    Business & Finance

    Danaos Corporation has cut its debt by over half a billion dollars.