Okeanis Eco Tankers Corp. (OAX: OET) announces that it has secured commitment to a USD 45.9 million secured loan facility  from Alpha Bank A.E. at highly attractive terms to finance 88.95% of the total pre-delivery yard instalments for its two ECO design, scrubber-fitted 158,000 DWT Suezmax tankers under construction at Hyundai Samho Heavy Industries delivering in August 2020.

Okeanis Eco Tankers Corp. Announces USD 45.9 Million Pre-delivery Financing for Two Suezmax Newbuildings

The Facility is available immediately, and the Company expects to draw on it shortly to finance 100% of the instalment due in November 2019. The Facility is repayable in full upon delivery of the newbuildings. 

The Company is in advanced discussions with potential lenders in respect of post-delivery financing for its two Suezmax newbuildings and expects to conclude financing arrangements for these at industry leading terms within Q1 2020.

Source: OET