FSL borrows USD18m for chemical tankers

FSL

FSL Trust Management Pte, the trustee-manager of First Ship Lease Trust, has obtained a commitment from an undisclosed bank for the refinancing of a chemical tanker duo.

The trustee manager said that it had accepted an offer letter from the bank for a senior secured amortizing term loan of up to USD 18 million.

The offer is subject to definitive transaction documentation.

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