Nordic American Tankers’ new $306m loan with an affiliate of Beal Bank of Texas has an interest rate within the range of 6% to 8%, according to NAT founder and chief executive Herbjorn Hansson.
Hansson provided the estimate in reply to a question from Jefferies equity analyst Randy Giveans on a rare investor conference call this morning.
A previous estimate of the interest had come from BTIG analyst Greg Lewis, who cited an 8% rate in a client note and bumped the number to 8.5%
