Hafnia Limited has signed a Sustainability-Linked Credit Facility (Loan Facility) with a syndicate of eight banks, with commitments of up to USD 303 million.
he facility, which will mature in early 2029, is secured by a fleet of nine chemical tankers and has an annual Sustainability Margin Adjustment Mechanism. By securing this Loan Facility, Hafnia not only reduces its funding costs but also enhances its financial flexibility, positioning the company for future growth and sustainability efforts.
DNV is providing the second party opinion on key performance indicators (KPIs) such as emissions-related and relative share of chemical cargoes carried. Additionally, the facility reinforces Hafnia’s ability to access highly competitive funding sources and aligns financing with its path to decarbonise shipping.
The syndicate comprises BNP Paribas, Citibank, Danske Bank, DBS Bank, IYO Bank, Nordea Bank, OCBC Bank, and Standard Chartered Bank as lead arrangers, with BNP Paribas as Facility Coordinator, DBS Bank as Sustainability Coordinator, and Nordea as Loan Facility Agent.