Emitents | Latvijas kuģniecība, AS (48510000VYR04HZGC213) |
Veids | Būtiski notikumi |
Valoda | EN |
Statuss | Publicēts |
Versija | |
Datums | 2017-03-01 08:57:27 |
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On Tuesday, 28th February, JSC “Latvian Shipping Company” successfully completed its loan refinancing procedure, receiving a loan of USD 121 million from a syndicate of three banks and simultaneously repaying the previous loan. The new loan has been issued with a repayment deadline of the 30th of June 2022.
“We are delighted to have completed the refinancing of 14 vessels
in our fleet of 16 handy and medium sized tankers. This new
loan facility enables the company to plan ahead whilst managing our
cash flow in a challenging market,” said Robert Kirkup, LSC
Chairman of the Board.
As announced, JSC “Latvian Shipping Company” reached an agreement
at the end of 2016 year with a syndicate of three banks – HSH
Nordbank (as an agent), DVB Bank SE, Skandinaviska Enskilda Banken
AB (Stockholm) – on the main terms and conditions of the contract
on refinancing the USD 360 million loan facility with the maturity
in June 2017. The initial sum of the loan was USD 360 million. The
outstanding balance at the moment of refinancing was USD 121
million.
About JSC “Latvian
Shipping Company”
JSC
“Latvian Shipping Company” (Nasdaq Riga: LSC1R) is vessel owner in
the segment of medium and handy size tankers. The company owns 16
modern vessels employing more than 1300 professional and
high-skilled seamen from Latvia. Besides, LSC subsidiary “LSC Ship
management” Ltd is technically serving 7 more vessels, thus
managing a fleet of 23 vessels. The average age of the LASCO fleet
is 9 years. All of the vessels have received ISM (International
Safety Management) certificates.
Artis
Ozolins, Communications Consultant
JSC “Latvian Shipping Company” Telephone: +371-26179051 E-mail: Artis.Ozolins@mccannconsulting.lv www.lk.lv |
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