Risky bets schreef op 4 mei 2018 13:57:
INSW cijfers
www.intlseas.com/file/Index?KeyFile=3... . Ze hebben 110M usd cash uit de FSO joint venture gehaald. EURN heeft tevens 50%, dus die hebben ook een liquiditeits boost van 110M cash gehad recentelijk. Libor +2% is a nice rate.
Closing of Credit Facility by FSO Joint Ventures
"In April, the Company announced that its joint ventures with Euronav NV, which own the FSO Africa and FSO Asia floating storage and offloading service vessels, closed on a $220 million credit facility. Based on INSW’s 50% ownership in the joint ventures, the Company has received $110 million in proceeds from the drawdown of the facility, which it expects to use for general corporate purposes, including to partially fund the previously announced agreement to acquire six VLCCs. The joint venture facility has an interest rate of LIBOR plus 2% and amortizes over the remaining terms of the five-year contracts with North Oil Company (NOC), in July 2022 and September 2022, for the FSO Asia and FSO Africa, respectively. ING Bank Belgium SA/NV and ABN AMRO Bank N.V. acted as joint lead arrangers for the credit facility. "
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