Independent journal on economy and transport policy
12:16 GMT+1
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of Friend International Shipping it obtains a new credit line of 250 million dollars
the scope is to refinance seven already existing ships and to finance six ulterior ships currently under construction
March 16, 2016
of Friend International Shipping (DIS) it has announced that operating controlled own of Friend Tankers Limited (Ireland) has signed today a new contract of financing for a total of 250 million dollars to extremely favorable conditions with a pool of nine primary international bank groups: Crédit Agricole Corporate and Investment Bank, Nordea Bank, ING Bank, Bank IMI, Commonwealth Bank of Australia, Skandinaviska Enskilda Banken (SEB), The Governor and Company of the Bank of Ireland, Credit Industriel ET Commercial, DnB.
The society has explained that the scope of this new financing is that to refinance seven already existing ships (all constructed between 2004 and 2006), extending the expiration of the debit previously in being from 2017 to 2021, and to finance six ulterior ships currently under construction. DIS has specified that the financing previews a very competitive interest rate and an expiration five-year-old beginning from the date of first I use of the debit for the already existing ships and beginning from the delivery date for the ships currently under construction. Moreover covenants and the other conditions are coherent with the other credit lines of Friend Tankers Limited, guaranteed from the society.
DIS has emphasized that today and as a result of this new financing of Friend Tankers Limited is found to having already covered 100% of own financial requirements of along term, consequent to the plan of investments of 755,0 million dollars started in 2012, besides all the requirements of refinancing of the debit previously in being.
"This new agreement of financing, for which the demands for subscription they have been advanced to the offer - it has evidenced the managing director of Friend International Shipping, Marco Fiori - clearly reflects the consolidated relationships of DIS with international the credit system and the solidity financial institution of our society".
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Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
of Friend International Shipping (DIS) it has announced that operating controlled own of Friend Tankers Limited (Ireland) has signed today a new contract of financing for a total of 250 million dollars to extremely favorable conditions with a pool of nine primary international bank groups: Crédit Agricole Corporate and Investment Bank, Nordea Bank, ING Bank, Bank IMI, Commonwealth Bank of Australia, Skandinaviska Enskilda Banken (SEB), The Governor and Company of the Bank of Ireland, Credit Industriel ET Commercial, DnB.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
