Nordic American Tankers' refinancing plan is earning positive reviews from both analysts and investors.
The $306m loan deal with shipping newcomer Beal Bank was hailed by Seaport Global's Magnus Fyhr and Randy Giveans at Jefferies and the Herbjorn Hansson-led company's shares are up since it was announced 12 February.
“We believe the added liquidity should help NAT continue pursuing its fleet renewal strategy and position the company for a recovery in the tanker market," said Fyhr, who maintained a neutral rating.
