01/06/2023
We are delighted to announce our first Sustainability Linked Loan, to
refinance 19 vessels for up to US$140 million alongside an acquisition line of US$20 million to finance potential growth opportunities.
The SLL includes a sustainability-linked margin adjustment with two Key Performance Indicators (KPIs). One KPI is linked to reducing fleet emissions and the second to increasing the number of female seafarers in the Company’s employment.
The refinancing completed today, after which there are no loan expiries until 2026. Read more on our website: https://bwek.com/investor-relations/press-releases/detail/bw-epic-kosan-secures-usd-160-million-refinancing-with-sustainability-linked-targets
Read our Susintainability Report 2022 here: https://lnkd.in/gXaya9-e