- Okeanis Eco Tankers Corp secures a $11 million secured loan facility for its scrubber project from BNP Paribas.
- The Facility incorporates an interest rate over Libor of 2.00%, a 5-year tenor, and a 4-year repayment profile.
- The previous agreement raised about $15 million, aimed for working capital and general corporate reasons.
Okeanis Eco Tankers Corp announced that they have secured commitment to a $11 million secured loan facility for its scrubber retrofit project from BNP Paribas, says an article published in Safety4Sea.
Loan Facility for scrubber project
The Facility incorporates an interest rate over Libor of 2.00%, a 5-year tenor, and a 4-year repayment profile starting one year after drawdown.
The Facility is available immediately, and the Okeanis Eco Tankers expects to draw on it shortly to partly finance the capital expenditure required to retrofit scrubbers on six of its vessels; namely, two Aframax/LR2s and four Suezmaxes.
Fifteen million dollar agreement
The company had finalized a private placement in May 2019, before this agreement. The agreement had raised about $15 million, aimed for working capital and general corporate reasons. Okeanis Eco Tankers’ major shareholder, Glafki Marine Corp., had accepted the liability of the private placement.
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Source: Safety4Sea
