CSIC Leasing Completes Its First Ship Lease Financing

eletson

Subsidiaries of CSIC Leasing have acquired four second-hand LR product tankers from subsidiaries of Eletson, a Greek tanker owner, Watson Farley & Williams (WFW) informed.

As disclosed, the sale proceeds from the transaction worth USD 65.5 million have been used to refinance the balloon payment under certain loan facilities of the Eletson group secured on the vessels.

The vessels were then leased back on delivery to Eletson under agreed financial lease arrangements. Additionally, CSIC Leasing provided a working capital loan to Eletson as part of their financing process.

LEAVE A COMMENT

×

Comments are closed.