Financing fixed for Axis pair

Oslo-listed Axis Offshore has agreed a term sheet for the financing of its two newbuildings under construction, Axis Nova and Axis Vega, by a senior secured loan facility of up to $376m. The term sheet has been approved by the credit committees of the participating financing institutions subject to agreement on binding loan documentation.

At the same time, the current senior secured term loan facility of $160m for the financing of Axis Nova has ended.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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