American Shipping Company ASA: Successful closing of bank debt refinancing
Lysaker, 9 April 2020 – Reference is made to the previous announcement regarding the refinancing of senior secured vessel debt for nine out of ten ships owned by American Shipping Company ASA (AMSC). Despite the current challenging financial environment, AMSC has today successfully closed a USD 305 million refinancing with new and existing lenders. AMSC CEO, Pål Lothe Magnussen said in a comment, “We are pleased to announce closing and funding of the previously announced secured debt refinancing. The new facilities, with attractive terms, provide further support for AMSC’s strong debt