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CM - International Seaways refinances with $390MM of new loans - January 2020
Oil tanker owner International Seaways closed on $390 million of senior secured credit facilities. The core facilities are a $300 million, five-year senior secured term loan and a $40 million, five-year revolving credit facility. In addition, there is a $50 million senior secured term loan transition credit facility with a two-and-a-half-year maturity. The company has already drawn down in full both of its term loan facilities and $20 million on the revolver. The core......
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