EuropeFinance and InsuranceGas
Exmar refinances ten LPG vessels with sale and leaseback deal
Nicolas Saverys led Exmar has announced the refinancing of its entire fully-owned fleet of pressurised gas carriers.
The refinancing is being done via several sale and leaseback deals with Japanese owners which see Exmar taking the vessels back for up to six years.
The vessels are all currently chartered out by Exmar, who will generate around $60m cash from the deal, which is expected to close by the end of the year.