Brief: Concordia Maritime signs sale & leaseback agreement for tanker Stena Supreme

Concordia Maritime AB

28/10/2016 13:00

Oct 28 (Reuters) - Concordia Maritime Ab  CCORb.ST  says: 
    * Signs sale & leaseback agreement for the Suezmax tanker 
Stena Supreme. 
    * Says counterpart is one of Japan's largest ship owning 
companies and senior debt funding will be provided by one of 
Japan's "Mega Banks". 
    * Says Stena Supreme will be chartered back on a bareboat 
basis (i.e., without crew) for 12 years, with annual purchase 
options from year three onwards. 
    * Says sale gives rise to an accounting profit of approx. 
USD 1.8 million and a positive liquidity effect of approx USD 22 
million. 
    * Says transaction is scheduled for late november. 
 
Source text for Eikon:  ID:nWkrjB2863  
Further company coverage:  CCORb.ST  
 
 (Reporting By Johan Sennero) 
 ((Johan.Sennero@thomsonreuters.com;))