Brief: Gram Car Carriers ASA Says Signed Agreement To Refinance Debt For Mediterranean Sea Through Drawdown Of Accordion Facility

Gram Car Carriers ASA

18/12/2023 05:34

Dec 18 (Reuters) - Gram Car Carriers ASA  GCC.OL :
    * GRAM CAR CARRIERS ASA REFINANCES MEDITERRANEAN SEA 
    * SAYS ACCORDION FACILITY COMPRISES A 15 MILLION TERM LOAN
AND A
15 MILLION REVOLVING CREDIT
    * SAYS REFINANCING WILL GENERATE NET CASH PROCEEDS OF AROUND
USD 4
MILLION AND A USD 19 MILLION INCREASE OF GROUP'S LIQUIDITY
RESERVE
    * SIGNED AN AGREEMENT TO REFINANCE DEBT FOR MEDITERRANEAN
SEA
(5,000 CEU, 2010) THROUGH A DRAWDOWN OF AN ACCORDION FACILITY

Source text for Eikon:  ID:nWkr2QJFx6 
Further company coverage:  GCC.OL 

 ((Reuters.Briefs@thomsonreuters.com;))