Norway’s Belships has secured a new loan, which will be used in part to expand its fleet.
DNB Bank, Danske Bank and Sparebank 1 SR-Bank have provided a total of $140m in financing, a filing said on Thursday.
The first $110m tranche of the loan, which is based on a 55% loan-to-value (LTV) ratio, will replace Belships’ current senior debt of $105m.
