Okeanis Eco Tankers Corp. (ECO) has released an update.
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Okeanis Eco Tankers Corp. has secured a new $60 million credit facility for the VLCC vessel Nissos Kythnos, aimed at refinancing existing debt and supporting general corporate needs, with sustainability-linked terms starting from 2025. Additionally, Okeanis has amended the terms of another facility for the VLCC vessel Nissos Donoussa, reducing the margin over the Term SOFR. These financial moves are part of the company’s strategy to lower debt costs and are indicative of a competitive financing market.
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