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.

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