FSL Trust seals $108m of new loans

FSL Trust seals $108m of new loans

Singapore shipping trust FSL Trust Management has closed three new loans worth $108m, refinancing an existing syndicate loan of $109.94m.

The loans are made up of a $50m facility from Hellenic Bank, a $40m agreement with Chailease International Financial Service and $18m with Amsterdam Trade Bank.

FSL will pay off its current existing outstanding syndicated loan, paying the balance in cash on hand.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.

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