Taiwan’s Wisdom Marine is seeking a $100m loan from banks to refinance an existing loan, Reuters Basis Point has reported.
Taiwan’s First Bank will be the exclusive lead bank and bookrunner for the loan. Wisdom Marine will pledge six vessels as collaterals in the loan deal which will be decided by the banks before March 17.
Wisdom Marine secured a ship loan of $120m in total from a group of banks including First Bank, Bank SinoPac, Hua Nan Bank, Taiwan Cooperative Bank and Bank Of Kaohsiung to finance the construction of six bulk carriers built in Japanese shipyards.
Wisdom Marine is the largest dry bulk owner in Taiwan with a fleet of 114 vessels, 24 of which are newbuildings delivered in the past three years.