Agreements signed for the refinancing of the P-MAX ships
The excisting finance facility for the ten P-MAX ships will expire in June 2017. The company has now signed two separate and new agreements to refinance the ships. The total refinancing amount is MUSD 189, after financing costs the net amount is in line with outstanding debt from the excisting facility.The first finance facility is done with a bank group consisting of Svenska Handelsbanken, BNP Paribas, DNB, Nordea, SEB and Swedbank. The facility is refinancing eight of the P-MAX ships and has a final maturity of five years, has a competitively priced margin and can be used to finance up to