- Seanergy Maritime Holdings Corp. has received a commitment letter from a leading European bank for a sustainability-linked loan facility.
- Seanergy became a signatory to the Call to Action for Shipping Decarbonization, a global coalition of over 190 industry leaders representing the entire maritime chain.
Seanergy Maritime Holdings Corp. has received a commitment letter from a ‘leading’ European bank for a sustainability-linked loan facility to finance part of the acquisition cost of the M/V Worldship, an official news release says.
Maritime sustainability-linked loan
Greece-headquartered took delivery of the 2012-built, 181,415 DWT Capesize bulk carrier last month.
The sustainability-linked loan will be for $16.85 million and will amortise over a five-year term with a final balloon payment of $6.1 million at maturity. Approval is subject to definitive documentation, and is expected to be completed in November.
Additionally, Seanergy announced it has become a signatory to the Call to Action for Shipping Decarbonization. Announced in September, the global coalition now comprises more than 190 industry leaders and organizations representing the entire maritime value chain.
Path to ‘greener’ shipping
‘We are very pleased to announce another innovative financing for Seanergy which is consistent both with our conservative leverage approach, as well as our commitment to our sustainability objectives,’ said Stamatis Tsantanis, the Company’s Chairman and Chief Executive Officer. ‘The proceeds of this new loan will further enhance our strong liquidity position.’
Tsantanis continued: ‘At the same time, we are excited to actively participate along with global industry leaders in the Call to Action, a significant initiative aiming to contribute to our industry’s decarbonisation targets.‘
‘Seanergy has long ago prioritised its ESG agenda and has implemented concrete actions and collaborations upon this matter. In this context, we are encouraging stakeholder engagement on all levels, including that of our financiers and governmental organisations, as means to support the common goal of a “greener” shipping.’
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Source: Seanergy Maritime
