Brief: 2020 Bulkers Signs Agreement To Refinance And Amend Its $162.5 Mln Term Loan

2020 Bulkers

09/04/2024 09:38

April 9 (Reuters) - 2020 Bulkers Ltd  20202.OL :
    * AGREEMENT TO REFINANCE AND AMEND ITS US$162.5 MILLION TERM
LOAN
FACILITY MATURING IN MARCH 2027.
    * WILL REPAY US$27.5 MILLION OF OUTSTANDING AMOUNT UNDER
TERM LOAN
FACILITY
    * AMENDMENTS AND NEW LOAN FACILITY IS EXPECTED TO BECOME
EFFECTIVE
ON APRIL 10, 2024
    * FOLLOWING ABOVE DEBT REPAYMENT, COMPANY HOLDS A CASH
BALANCE OF
APPROXIMATELY US$60 MILLION AS OF APRIL 9, 2024

Source text for Eikon:  ID:nWkr9CSnF4 
Further company coverage:  20202.OL 

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