Sovcomflot (SCF Group) has secured the final piece in its mid-term financing plan with a $264m loan from six banks.
The latest facility will refinance a 2019 balloon payment on an existing loan and means the shipowner has raised $900m in debt capital this year.
Citibank, DVB Bank, ING Bank, Societe Generale, UniCredit and ING Bank all signed the cheque, which will also boost working capital.
