Hafnia signed a $715 million revolving credit facility on July 10, 2025 secured by a modern fleet of 32 product tankers. The facility was established in partnership with a syndicate of 11 banks.
The syndicate comprises of ING, OCBC and Standard Chartered as the mandated lead arrangers; BNP Paribas, DBS Bank, IYO Bank, Societe Generale and UOB as the lead arrangers; E.Sun Commercial Bank (Singapore branch), Skandinaviska Enskilda Banken and Taishin International Bank (Singapore branch) as co-arrangers. ING served as the facility coordinator and facility agent for the transaction.
The loan facility also has an uncommitted accordion tranche of up to $417 million to be exercised within two years.
“This facility is a testament to the confidence our banking partners have in Hafnia’s strategy and performance,” Perry van Echtelt, CEO of Hafnia, said. “The lower cost, attractive terms and revolving nature of the facility gives us the agility to manage our liquidity needs and enhance our financial flexibility.”
“We are proud to act as facility agent and to coordinate this innovative facility for an industry leader like Hafnia,” Stephen Fewster, global head of shipping at ING, said. “The support from such a broad syndicate underlines Hafnia’s reputation and the strong bank following which it has built.”
