ABN AMRO has joined Team Tankers’ existing loan facility as a lender alongside SEB and NIBC Bank, increasing the facility from $100m to $150m.
The loan facility now consists of a $100m term loan and a revolving credit facility of $50m, which have increased from $67.7m and $33.3m respectively since ABN AMRO joined the financing consortium.
The terms of the loan facility’s agreement will remain unchanged, the Oslo-listed company said.
“We are delighted to establish a relationship with ABN AMRO, a strong global bank with broad capabilities and an historical commitment to the shipping industry,” said Andreas Reklev, CFO of Team Tankers, in a statement today.
