LNG carrier operator Dynagas LNG Partners announced it has secured a $675 million syndicated loan from leading international banks. The loan will be secured by, among other things, first priority mortgages on the six LNG carriers in the partnership’s fleet.
This move is expected to help the company eliminate its existing dept of totaling $720 million.
The loan is repayable over five years in 20 consecutive quarterly payments, based on a 14 year amortization profile and has a margin of LIBOR plus...
https://safety4sea.com/dynagas-lng-partners-secures-675-million-loan/