AKOFS Offshore completes $300m revolving refinancing and exercises Aker Wayfarer option
Akastor ASA’s 66.7%-owned affiliate AKOFS Offshore AS completed a USD 300 million reducing revolving credit facility agreement with DNB Bank ASA and Sparebank 1 Sør-Norge ASA. The loan has a 4-year tenor and is non-recourse.
7% owned affiliate AKOFS Offshore AS said it has completed a USD 300 million reducing revolving credit facility agreement with DNB Bank ASA and Sparebank 1 Sør-Norge ASA. The Loan Agreement has a tenor of 4 years and is non-recourse. AKOFS Offshore also said it has exercised the first of two one-year options to extend the time charter for Aker Wayfarer, effective from the end of the current time charter period.