TOP Ships Secures Loan for One MR2 Vessel

first_imgGreek tanker owner and operator TOP Ships has concluded a financing agreement with an undisclosed Chinese financier to refinance one of its MR2 tankers.As informed, the gross proceeds from the new financing amount to USD 25.6 million and will be used mainly to refinance the facility of the 49,700 dwt Stenaweco Excellence with Nord LB.The tenor of the new facility is ten years.The company also revealed that it intends to enter into two additional financing agreements with the same financier at similar terms in order to exercise its purchase options for the Stenaweco Energy and Stenaweco Evolution.These acquisitions are expected to be concluded during the fourth quarter of 2019.“We are very pleased to have concluded this financing with a very high quality financier and look forward to concluding the two additional financings. These new financings will lead to a lower cost of debt for the 3 vessels overall,” Evangelos Pistiolis, the President, Chief Executive Officer and Director of the Company, commented.TOP Ships has a fleet of a total of fourteen tankers including Suezmaxes, MR2 and MR1 ships.last_img read more


first_imgChristmas festivities really begin in Letterkenny on Wednesday 19 December at 8 pm with the much-awaited Christmas Carol Concert in the Conwal Parish Church.The music will be performed by the Letterkenny Conwal Singers under the baton of Ms Karen Patton.This year the singers are delighted to announce that they will be joined on the night by two special guests. John Dawson appears as guest organist while Donal Cavanagh from Highland Radio, will deliver the readings.The “Carols at Conwal” concert is now an annual event and the audience will be treated to a mixture of traditional Christmas carols and readings followed by some festive refreshments CAROLS AT CONWAL TO GET CHRISTMAS FEELING UNDERWAY was last modified: December 10th, 2012 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:Carols at Conwallast_img read more