John Michael Radziwill’s GoodBulk has inked a fresh loan to help fund its largest acquisitions and is set for a further boost with the printing of shares for a new investor.

GoodBulk has secured $73m from ING Bank and is issuing new stock worth $10m, it told investors today.

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Oslo OTC listed GoodBulk says the new five-year loan carries an interest rate of LIBOR plus 225 basis points.