GREECE, June 27, 2019 – Okeanis Eco Tankers Corp. (OAX:OET) (the “Company”) announces that it has secured commitment to a usd 11 million secured loan facility (the “Facility”) for its scrubber retrofit project from BNP Paribas. The Facility carries an interest rate over Libor of 2.00%, a 5-year tenor, and a 4-year repayment profile beginning one year after drawdown.
The Facility is available immediately, and the Company expects to draw on it shortly to partly finance the capital expenditure required to retrofit scrubbers on six of its vessels (two Aframax/LR2s and four Suezmaxes).
John Papaioannou, CFO
Tel: +30 210 480 4099
This release is an announcement issued pursuant to legal information obligations, and is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
Forward Looking Statements:
Matters discussed in this release may contain certain forward-looking statements relating to the business, financial performance and results of the Company and/or the industry in which it operates, sometimes identified by the words “believes”, “expects”, “intends”, “plans”, “estimates” and similar expressions. The forward-looking statements contained in this release, including assumptions, opinions and views of the Company or cited from third-party sources, are solely opinions and forecasts that are subject to risks, uncertainties and other factors that may cause actual events to differ materially from any anticipated development. The Company does not provide any assurance that that the assumptions underlying such forward-looking statements are free from errors, nor does the Company accept any responsibility for the future accuracy of the opinions expressed in the presentation or the actual occurrence of the forecasted developments. No obligations are assumed to update any forward-looking statements or to conform to these forward-looking statements to actual results.
The information, opinions and forward-looking statements contained in this announcement speak only as at its date and are subject to change without notice.