John Fredriksen’s Frontline has pushed out debt maturities with new finance transactions worth $239m.
The tanker giant has signed up for three new credit facilities to refinance outstanding loans on three VLCCs and a suezmax vessel.
The deals will also provide a revolving credit capacity of $91.9m.
Chief financial officer Inger Klemp said the new deals replace three earlier loans, with total balloon payments of $142m due this year.
