loan

Okeanis’ Tanker Loan Triumph

Credits: Fred/ Pexels

Dutch bank ABN AMRO has provided a loan of US$113 million to Okeanis Eco Tankers Corp, as published on Riviera.

Scrubbing financing

Okeanis Eco Tankers Corp has secured a senior secured credit facility from ABN AMRO, amounting to US$113 million. The loan will be utilized to refinance existing debt related to three tankers: Nissos Keros (VLCC) and Kimolos and Folegandros (Suezmax), all constructed in 2019. Additionally, the facility will enable the prepayment of the company’s...

https://mfame.guru/okeanis-tanker-loan-triumph/

First Ship Lease Trust Inks US$ 15m Loan Agreement

FSL Trust Management Pte. Ltd., announced that six wholly-owned subsidiaries of the Trust have entered into a US$ 15.0 million facility agreement with Chailease International Financial Services (Singapore) Pte. Ltd., reports Market Screener.

About the agreement

The Board of Directors (the “Board”) of FSL Trust Management Pte. Ltd., as trustee-manager (the “Trustee-Manager”) of First Ship Lease Trust (“FSL Trust” or the “Trust”), refers to its announcement dated 1 March 2021 and further announces...

https://mfame.guru/first-ship-lease-trust-inks-us-15m-loan-agreement/

US DOT revamps loan program for short line railroads

A photograph of a train traveling next to a highway.

The U.S. Department of Transportation (DOT) is expanding a loan program aimed at providing long-term, low-cost loans to short line and regional railroads.

The changes will expand the eligibility requirements for the Railroad Rehabilitation and Improvement Financing Express program, or RRIF Express. The pilot loan program seeks to reduce the time and costs associated with securing loans for projects that aim to modernize aging freight and commuter rail infrastructure. 

“Expanding this financing...

https://s29755.pcdn.co/news/us-dot-revamps-loan-program-for-short-line-railroads

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