Hafnia Limited has signed an 18-month USD 100 million unsecured term loan and revolving credit facility (“Facility”) on 1 July 2021 with four lenders. Proceeds from the Facility will help to optimise the pools’ working capital requirements and significantly improve cash flow for existing and new pool partners.
The lending group includes BW Group, Oversea-Chinese Banking Corporation (“OCBC Bank”), Skandinaviska Enskilda Banken AB (“SEB”), and Standard Chartered Bank, all of which acted as mandated lead arrangers. SEB also acted as Facility Co-ordinator and Agent.
“We highly value the strong backing from both BW Group and our banks. This facility demonstrates Hafnia’s solution-focused approach to our pool partners through strong access to financing,” says Hafnia’s CFO Perry van Echtelt.
