Okeanis Eco Tankers has signed up for a new term loan from a major French bank as the Oslo-listed player works to improve its capital structure.
Credit Agricole has agreed to provide an $84m senior secured credit facility, which will be used to refinance existing debt on two suezmax tankers at better terms.
The loan replaces the financing of the 157,000-dwt Nissos Sikinos (built 2020) and the 157,000-dwt Nissos Sifnos (built 2020) and will be secured by the vessels.
