The $75m term loan facility is backed by Germany’s KfW IPEX-Bank and The Export-Import Bank of China (Exim), according to Watson, Farley & Williams (WFW).
The law firm, which served as an advisor to the lenders, says the transaction is tied to a trio of 50,200-dwt tankers on order at Guangzhou Shipyard that are due for delivery in April, June and September of this year.
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