FSL Trust refinances 5 tankers March 2, 2021, by Jasmina Ovcina
FSL Trust Management, the trustee-manager of First Ship Lease Trust, has secured a deal with an unnamed Taiwanese financial institution for the refinancing of five product tankers.
The loan is worth a total of $ 15 million and it will have a maturity of 5 years from the date of drawdown.
The vessels covered by the loan include Cumbrian Fisher, Clyde Fisher, Shannon Fisher, Solway Fisher, Seniority, and Superiority.
The deal is subject to definitive documentation.
The vessels currently secure an existing loan which shall be repaid in full, Singapore-listed FSL Trust said.
The refinancing agreement is being reported on the back of the sale of a product tanker FSL Osaka.