Sovcomflot bags second loan for LNG ships

MISC
By Mariam Meskin
09 May 2019

Sovcomflot, the Russian shipping company, has signed a 10 year loan facility with three international lenders. Russian syndicated loan volumes remain low, but Sovcomflot is widely regarded by bankers as one of the stronger and more established Russian borrowers.

The $297m facility will be provided by Crédit Agricole, ING and KfW. 

Sovcomflot is mainly involved in shipping energy and commodity products. 

Proceeds will be used for the "pre- and post-delivery financing of two new generation 174,000 cubic metre Atlanticmax liquefied natural gas carriers, which will operate under long term ...

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