The company said the deal was arranged by DNB Markets and involved DNB Capital, the Export-Import Bank of Korea (Kexim) and Korea Trade Insurance Corporation (Ksure), as well as Korean and international pension funds and financial institutions.

The facility will expire six years from the delivery of the final vessel securing the loan, but not later than June 2022.

However, there is the flexibility “in certain circumstances” to change this to 12 years after the delivery of each ship.

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