Okeanis Eco Tankers Obtains $190 Million Financing for Vessel Purchases
Okeanis Eco Tankers (OET.OL) said Monday it secured three separate loan facilities totaling $190 million to support its acquisition of vessels.The tanker company secured a $90 million facility to partly fund the purchase of two new Suezmax vessels, expected to be delivered in May and July. The eight-year facility is subject to the secured overnight financing rate plus 120 basis points.The company also entered into two facilities of $50 million each from unnamed Greek lenders to finance its deal to buy back the Nissos Rhenia and Nissos Despotiko vessels. The seven-year Nissos Rhenia facility is expected to close in May with a SOFR plus 125 basis points, and the nine-year Nissos Despotiko facility is expected to close in June with a SOFR plus 130 basis points.
