Brief: Aker Philadelphia Shipyard-Crowley joint venture secures $325 million loan

Philly Shipyard ASA

12/03/2015 06:55

March 12 (Reuters) - Aker Philadelphia Shipyard  AKPS.OL : 
    * Says joint venture between Aker Philadelphia Shipyard 
(AKPS) and Crowley secures commitment for $325 million take-out 
facility 
    * Says the AKPS- Crowley joint venture has received a firm 
and fully underwritten commitment from a group of banks and 
other financial institutions for $325 million senior secured 
term loan facility 
    * Facility will be used for post-delivery financing of four 
product tankers to be included in AKPS-Crowley joint venture 
(Hulls 021-024) 
 
Source text for Eikon:  ID:nHUGXkN7h  
Further company coverage:  AKPS.OL  
 
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