d’Amico International Shipping S.A., announced that its fully-owned operating subsidiary d’Amico Tankers, has already signed contracts with leading banks to refinance all its loans maturing in 2022 with their related balloons.
Last week, d’Amico Tankers signed a US$43.0 million 5-year term loan facility with ABN Amro Bank N.V., to refinance the bank loans maturing in 2022 on MT Cielo di Ulsan, MT Cielo di Hanoi and MT Cielo di Gaeta. All three tranches of this new facility have been drawn down, with the respective previous financings reimbursed. This is also DIS’ first sustainability-linked loan, with its margin adjusted based on the CO2 emissions of d’Amico Tankers’ fleet and associated AER (annual efficiency ratio) indicator relative to the AER trajectory established by the Poseidon Principles for the type of vessels controlled by our Subsidiary.
Earlier this month, d’Amico Tankers signed a US$20.0 million 5-year term loan facility with Skandinaviska Enskilda Banken (SEB), to refinance the bank loan maturing in 2022 on MT Cielo Bianco. This facility has been drawn down and the previous financing reimbursed.
Today, d’Amico Tankers signed a US$15.5 million 5-year term loan facility with Banco BPM S.p.A., to refinance the bank loan maturing in 2022 on MT Cielo di Salerno. This loan is expected to be drawn down and the current financing reimbursed in January 2022.
As of today, DIS’ fleet comprises 37 double-hulled product tankers (MR, Handysize and LR1, of which 19 owned, 10 chartered-in and 8 bareboat chartered-in) with an average age of about 7.1 years for its owned and bareboat chartered-in vessels.