KCC: Klaveness Combination Carriers secures USD 200 million bank refinancing

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Klaveness Combination Carriers secured a $200 million senior secured bank refinancing facility, composed of a revolving credit facility and a term loan with extended maturity and a 20-year repayment profile. This refinancing aims to improve liquidity and financial stability for the company.

A subsidiary of Klaveness Combination Carriers ASA (“KCC” or the “Company”) has closed a new USD 200 million senior secured bank facility, refinancing existing debt and extending debt maturities. The facility consists of a 50/50 combination of a revolving credit facility (RCF) and a term loan, with a six-year tenor, a 20-year age-adjusted repayment profile, ...