BW Epic Kosan Ltd. (ticker "BWEK", "BW Epic Kosan" or the "Company")
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.”
