The Russian tanker owner secured a $316m loan with a consortiumof international banks, it said today.
It will repay ING of the Netherlands, Germany’s KfWIPEX-Bank of Germany and Sumitomo Mitsui Banking Corporation (SMBC) of Japan over10 years.
“The project facility has a non-recourse structure and afavourable long-term tenor, as well as competitive pricing, reflecting therobustness of the deal structure, the stability of the charter hire revenuestream and cash flows, and the high credit quality of the charterer,” SCF saidin statement.
