Finnish shipping group Aspo has signed a new EUR 20m ($23.5m) credit facility to refinance earlier debt.
The revolver has been arranged with Nordea Bank in Finland.
It matures over two years, with an option to extend this by another 12 months.
The facility refinances a EUR 20m revolving credit facility which has not yet been tapped.
Aspo owns bulker company ESL Shipping, a Baltic shipping specialist with vessels up to supramax size.
