Safe Bulkers has announced that the company has agreed with the Royal Bank of Scotland (RBS) to amend certain financial covenants and terms to an existing term loan facility with a balance of $73.4m.
The agreement provides for alignment of financial covenants and deferral of about $5.7 million of debt originally payable until 2018, to years after 2019.
This latest amendment with RBS is the fifth this year for Safe Bulkers, having previously renegotiated separate agreements with Danish Ship Finance, DVB Bank, Nordea and Unicredit in recent months.
