D'Amico International Shipping (DIS) said late on Thursday that it has borrowed $78.5m in new loans that will help it refinance its entire debt falling due in 2022.
The three separate financing deals, all signed in December by DIS unit d'Amico Tankers, include a $43m, five-year loan facility with ABN Amro that marks the Italian company's first sustainability-linked loan.
DIS, a Milan-listed owner and operator of product tankers, said in a statement that the loan's margin will be adjusted to reflect changes in the company's CO2 emissions and annual efficiency ratio (AER) readings.
