Beskrivning
| Land | Singapore |
|---|---|
| Sektor | Tjänster |
| Industri | Shipping & Offshore |
2023-06-01 06:17:06
Oslo/Singapore, 1st June 2023, BW Epic Kosan Ltd. (ticker "BWEK", "BW Epic
Kosan" or the "Company") today announced that it has secured its first
Sustainability Linked Loan ("SLL") to refinance 19 vessels for up to US$140
million alongside an acquisition line of US$20 million to finance potential
growth opportunities.
The SLL includes a sustainability-linked margin adjustment with two Key
Performance Indicators (KPIs). One KPI is linked to reducing fleet emissions and
the second to increasing the number of female seafarers in the Company's
employment. The refinancing completed today, after which there are no loan
expiries until 2026.
The syndicate includes ABN AMRO Bank as Sustainability Coordinator and Credit
Agricole Corporate and Investment Bank as Documentation Agent, jointly acting as
Bookrunning Mandated Lead Arrangers, along with Skandinaviska Enskilda Banken,
Standard Chartered Bank and Iyo Bank.
Charles Maltby, CEO of BWEK, says, "This is BW Epic Kosan's first
Sustainability-Linked Loan. We appreciate the support from our financial
partners on our important initiatives to reduce climate impact from vessel
operations and to improve gender diversity in shipping. We look forward to
collaborating further with all partners to achieve our sustainability goals."
The Company's sustainability report is available on our website.
Please refer to the attached announcement.
BW Epic Kosan Ltd.
www.bwek.com
ir@bwek.com