- New York-listed tanker owner and operator Navios Maritime Acquisition has secured an up to $100m loan from a subsidiary of N Shipmanagement Acquisition.
- A two-year loan has scheduled amortisation and bears interest at a rate of 11% per annum, payable quarterly.
- It also comes with defer option, but with interest rate of 12.5% per annum.
The deal also gives N Shipmanagement Acquisition a choice, exercisable from August this year, to acquire partnership interests of...
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