John Fredriksen's Frontline has secured financing of $221m to fund its acquisition of four tanker resales and newbuildings.
The company said ING is providing $110.5m towards two vessels and Credit Suisse the same amount for the other two.
Both facilities mature in 2023, with interest at LIBOR plus a margin of 190 basis points.
Frontline now has committed bank financing in place to partially finance all of its 15 resales and newbuilding contracts.
