The New York-listed tanker owner says the $172m loan is backed by ABN AMRO, Nordea Bank Finland and Skandinaviska Enskilda Banken (SEB).
“The proceeds from the new facility are expected to be used to finance up to 65% of the purchase price of eight vessels on order in the company’s current fleet,” it told investors in a statement Tuesday.
Ardmore says the facility will be an amortizing senior term loan and available for borrowing until April 2016 with a final maturity date in January 2021.
“The
