The company said the deals with DNB and SR Bank will give it greater freedom.

The total breaks down as EUR 155m for the current fleet and EUR 20m for new projects.

The facility replaces mortgage debt from DNB and Handelsbanken.

The debt matures over five years, extending by two and a half years its current finance term.

An existing tranche worth EUR 15m was due to expire in November, but this has now been taken into the main facility, giving it a repayment deadline of 2020 for all debt.

Instalments