Golden Ocean has secured a $120m loan to refinance debt on 10 ships as it reported a second successive quarterly dividend and confirmed the sale of a panamax bulker.
John Fredriksen’s Golden Ocean says the new facility covers $58.3m of debt maturing this year and seller credit loans of $65.5m.
Per Heiberg, chief financial officer of Golden Ocean Management, said: “It reduces our interest expense and pushes out the average tenor of our debt.
