The NYSE Euronext-listed parent of Belgian bulker owner Bocimar says the funds will be used to refinancing existing debt linked to a $600m loan landed back in 2005 and to partially finance six 34,000-dwt vessels on order at Samjin Shipbuilding in China.
The senior secured revolving credit facility comes with a term of six years and a month at the London Interbank Offered Rate (Libor) plus 3.00%
