ATHENS, GREECE, September 11, 2023 – Okeanis Eco Tankers Corp. (the “Company” or “OET”) (Oslo Bors: OET) is pleased to announce the execution of a new $84 million senior secured credit facility (the “Facility”) provided by CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK, to refinance existing indebtedness at improved terms, in line with the Company’s strategy towards capital structure optimization. The Facility is expected to be drawn in two tranches within September 2023. The proceeds will be used to refinance existing indebtedness under the Suezmax vessels Nissos Sikinos and Nissos Sifnos. The Facility will be repaid quarterly, matures in 6 years, is priced at competitive and accretive levels, and will be secured by the Nissos Sikinos and Nissos Sifnos .
Contact: Iraklis Sbarounis, CFO
Tel: +30 210 480 4200
ir@okeanisecotankers.com
This information is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.
About OET
OET is a leading international tanker company providing seaborne transportation of crude oil and refined products. The Company was incorporated on April 30, 2018 under the laws of the Republic of the Marshall Islands and is listed on Oslo Bors under the symbol OET. The sailing fleet consists of six modern scrubber-fitted Suezmax tankers and eight modern scrubber-fitted VLCC tankers.
Forward-Looking Statements
Matters discussed in this release may contain certain forward-looking statements relating to the business, financial performance and results of the Company and/or the industry in which it operates, sometimes identified by the words “believes”, “expects”, “intends”, “anticipates”, “forecast” and similar expressions. The forward-looking statements contained in this release, including assumptions, opinions and views of the Company or cited from third-party sources, are solely opinions and forecasts that are subject to risks, uncertainties and other factors that may cause actual events to differ materially from any anticipated development. The Company does not provide any assurance that the assumptions underlying such forward-looking statements are free from errors, nor does the Company accept any responsibility for the future accuracy of the opinions expressed in the presentation or the actual occurrence of the forecast developments. No obligations are assumed to update any forward-looking statements or to conform to these forward-looking statements to actual results.
The information, opinions and forward-looking statements contained in this announcement speak only as at its date and are subject to change without notice.