Ardmore Shipping scored a new loan from Credit Agricole that adds to a debt refinancing campaign.
The New York-listed products tanker owner said it received $64m in loan commitments from the French bank, bringing the total debt refinanced to $408m so far this year.
Chief executive Anthony Gurnee said the Ireland-headquartered shipowner said the deal highlights Ardmore’s ability to find opportunities to strengthen the balance sheet, and it shows its strong relationship with banks.
“This
