Euronav says the giant facility is underwritten by DnB Bank, Nordea Bank Norge and Skandinaviska Enskilda Banken (SEB).

The six-year loan will carry an interest rate of LIBOR plus a margin of 2.75%, the tanker owner explains.

Details of the loan, which was first pencilled in during January as part of a wider funding package for the $980m Maersk deal, were released as Euronav announced its final consolidated results for 2013.

Further funds for the takeover came from two equity issues and a bond sale.

Euronav recorded a final loss of $89.68m for 2013, its consolidated accounts said. This is largely in line with the $88.3m loss revealed in its preliminary accounts.

As TradeWinds reports today the $980m Euronav paid for the Maersk fleet is looking like a good move right now. The same ships are worth $1.096bn this week, according to data from VesselsValue.com.