US-listed Teekay LNG has sealed a new loan deal to refinance debt maturing this year.
The company said it will pay off a $58m facility secured by five mid-sized LPG carriers with new $90m long-term debt.
This will expire in 2024 and is secured by seven ships of a similar size.
In February, the owner inked a $197m loan secured against two vessels, which refinanced a facility that was also set to mature this year.
