Daily News: October 27, 2015

ABN AMRO Upsizes Team Tankers Facility to $150MM


Team Tankers International, a chemical tanker company, announced that ABN AMRO has participated as lender in the company’s existing loan facility with SEB and NIBC Bank, increasing the facility size by $50 million, to $150 million.

“We are delighted to establish a relationship with ABN AMRO, a strong global bank with broad capabilities and an historical commitment to the shipping industry,” said Team Tankers CFO, Andreas Reklev.

The loan facility consists of a term loan of $100 million (increased from $67.7 million) and a revolving credit facility of $50 million (increased from $33.3 million). The terms of the loan facilities agreement will remain unchanged.