Norwegian bulker owner Grieg Star has secured a huge $400m refinancing package involving more than half of the vessels in its fleet.
The pact, struck with four existing lenders and the establishment of a new relationship with a fifth, kicks loan maturities forward from 2017 and 2018 until 2021 and beyond.
Camilla Grieg, chief executive of Grieg Star, said in a statement: “This refinancing reflects our strong bank relationships and the importance of having capital sources available in a challenging market like what we see today”.
Existing
