Team Tankers Ups Loan Facility

Bermuda-headquartered chemical tanker owner and operator Team Tankers International has increased its existing USD 100 million loan facility by additional USD 50 million.

ABN AMRO has joined the facility as the lender of the additional funds, with the remaining USD 100 million provided by  SEB and NIBC Bank.

“We are delighted to establish a relationship with ABN AMRO, a strong global bank with broad capabilities and an historical commitment to the shipping industry,” said Team Tankers CFO, Andreas Reklev.

The loan facility consist of a term loan of USD 100 million, increased from USD 67.7 million, and a revolving credit facility of USD 50 million, increased from USD 33.3 million. The terms of the loan facilities agreement will remain unchanged.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Dec 2019 >>
MTWTFSS
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

Maritime Reconnaissance and Surveillance Technology

As varied threats in the Mediterranean Sea continue to proliferate, the need to advance…

read more >

2nd GREENTECH IN SHIPPING GLOBAL FORUM

Forum you will find out from the regulators, government bodies and major ports’ representatives what the near…

read more >

7th Annual Arctic Exchange

Every year the Exchange invites delegates from across the globe to come together to listen to key senior management teams…

read more >