Star Bulk Carriers has secured a loan of $64.5m in new funds from the German ship finance lender HSH Nordbank.
The company said that the loan will run for up to five years at an undisclosed margin.
The money under the new loan, together with $5.3m in cash, will be used to repay two existing loan facilities with Piraeus Bank.
The company said that through this refinancing it has managed to extend its principal repayment schedule while reducing interest costs.
Star Bulk operates a fleet of 15 vessels that comprises seven Capesize and eight Supramax vessels with a combined cargo carrying capacity of 1,626,721dwt.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData