Okeanis Eco Tankers Corp announced that it has secured commitment to a $11 million secured loan facility for its scrubber retrofit project from BNP Paribas. The Facility incorporates an interest rate over Libor of 2.00%, a 5-year tenor, and a 4-year repayment profile starting one year after drawdown.
The Facility is available immediately, and the Okeanis Eco Tankers expects to draw on it shortly to partly finance the capital expenditure required to retrofit scrubbers on six of its vessels; namely, two Aframax/LR2s and four Suezmaxes.
Before this agreement, in May 2019, the company had finalized a private placement, raising about $15 million, aimed for working capital and general corporate reasons. Okeanis Eco Tankers’ major shareholder, Glafki Marine Corp.m, had underwritten the private placement.
