Okeanis Eco Tankers Corp. (OSE: OET-ME) (the “Company”) has secured one additional firm commitment for a secured loan facility (the “Facility”) in the aggregate amount of USD 59 million from ABN Amro in respect of the financing of one of its VLCC newbuildings, hull 3050, under construction at Hyundai Heavy Industries (the “Vessel”).
The Facility carries similar terms to the financings announced on 29 October 2018. The Company has now secured competitive financing for three of its last four VLCC newbuildings. The Company is in advanced discussions with potential lenders in respect of its last remaining unfinanced VLCC newbuilding and expects to conclude financing arrangements for this on substantially similar terms to the Facility by the end of the year, thus drawing to a close the debt financing of the Company’s newbuilding program.