Ardmore fills up with refi as bankers wait for M&A to roll in

Oil Tanker 230x150
By Robert Cooke
18 Jan 2016

Chemical tanker firm Ardmore has issued a bullish outlook for the tanker sector after agreeing a streamlined loan refinancing package. This will come as good news for loans bankers in the Nordic region, who are hoping event-driven deals will start to take the place of refis after a disappointing 2015.

Ardmore has refinanced its outstanding debt, the Ireland-based chemical tanker company said late last week.

The new $364m facility smooths out Ardmore's repayment profile by extending its various debt maturities to 2022. The secured term loan comprises two facilities, both of which contain accordion options. Ardmore could use these to buy ...

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