Nasdaq-listed StealthGas has fixed loans worth $140m for four new ships.
Two senior secured credit facilities will fund a quartet of 22,000-cbm semi-refreigerated LPG carriers due in 2017.
The company said the loans will cover 65% of the vessels’ contract prices. It has four such units on order at Hyundai Mipo in Korea at a reported cost of $52m each.
The finance matures over eight years, but the “various” lenders involved were not named.
The
