Brief: American Shipping Company secures commitments for $500 million debt refinancing

Amsc ASA

06/07/2015 15:30

July 6 (Reuters) - American Shipping Company ASA  AMSCA.OL : 
    * Announces that it has received firm commitments for a 
$500 million refinancing of its secured bank debt from a 
group of lenders 
    * The refinancing is structured in two separate facilities; 
one being a $350 million facility with a club of four banks 
consisting of BNP Paribas, Credit Agricole, SEB and 
Wells Fargo and the other a $150 million facility with CIT 
Maritime Finance 
    * Debt refinancing is expected to close in Q3 2015 and is 
subject to customary documentation 
 
Source text for Eikon:  ID:nHUG2BTzyF  
     
Further company coverage:  AMSCA.OL  
 
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