KCC: Klaveness Combination Carriers secures USD 200 million bank refinancing
Norway, June 25 -- A subsidiary of Klaveness Combination Carriers ASA ("KCC" or the "Company") has today 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, and bears interest at SOFR plus a margin of 165 bps p.a., representing an improvement in the overall financing terms compared with the existing facilities being refinanced. The new facility refinances USD 116.4 million of drawn bank debt and replaces USD 68.0 million of undrawn RCF capacity.The refinancing has been arranged with the continued support of six relati...
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