Jones Act tanker company Overseas Shipholding Group (OSG) has stretched its debt maturity with a new $325m loan package from Stonebriar Commercial Finance.
The New York-listed owner of 22 tankers said the seven-year facility replaces two existing term loans.
These involve lenders including The Prudential Insurance Company of America and Wintrust Commercial Finance.
Another facility with Banc of America Leasing & Capital has been partially refinanced.
