Thailand’s Precious Shipping (PSL) has reworked a large loan facility with three compatriot banks as it keeps its eye firmly on vessel acquisitions.
The company has also extended the loan primarily from Krung Thai Bank until the end of this year while it has also worked hedging instruments into the deal.
PSL has converted the unused portion of a secured loan into an amount of $200m, the owner wrote in an announcement to the Bangkok Stock Exchange on Tuesday.
The
