The New York-listed operator said it hasarranged a $20m revolving credit facility ending in 2019, and $360m in termloans also due in 2019.
The $20m will be repayable at Libor plus2.125%.
The deals will save it $1.9m per year.
Existing bank debt of $327m will berefinanced and $10.6m will go towards repaying seller’s credit to parent Knutsen NYK OffshoreTankers, related to the acquisition of a vessel.
The
