Eagle Bulk Shipping, an operator of midsize drybulk vessels, amended its credit agreement to increase borrowing capacity by $175 million, among other changes. Crédit Agricole is the facility agent for the loan.
Hermitage Offshore Services agreed to a 10-day extension of its previously announced forbearance agreement to its $132.9 million term loan facility with DNB Bank and Skandinaviska Enskilda Banken. DNB Bank is serving as agent and security agent.
Eagle Bulk Ultraco, a wholly owned subsidiary of Eagle Bulk Shipping, closed on a new five-year senior secured facility totaling $208.4 million. Financing participants on the facility included ABN AMRO and Credit Agricole CIB.
Lundin Mining amended its revolving credit facility, increasing the facility to $550 million with a $50 million accordion option. The Bank of Nova Scotia served as administrative agent for the transaction.
Genco Shipping & Trading entered into a five-year senior secured credit facility in an aggregate principal amount of up to $108 million. Crédit Agricole served as administrative agent on the transaction.
Scorpio Bulkers received a commitment from Nordea, New York branch, and Skandinaviska Enskilda Banken for a loan facility of up to $184 million.
Scorpio Bulkers received a commitment for a loan facility of up to $85.5 million to finance up to 60% of the market value of six recently acquired Ultramax vessels.
International Seaways closed on a new $500 million term loan and a $50 million revolving credit facility. Jeffries Finance and J.P. Morgan were joint lead arrangers for the term loan. Skandinaviska Enskilda Banken provided the revolver.
Oceaneering extended the maturity on its $300 million term loan and $500 million revolving credit facility to October 25, 2020 and October 25, 2019 respectively. Wells Fargo was administrative agent for the transaction.
Bank of America Merrill Lynch, Citibank, Credit Agricole, Danske Bank, Nordea Bank, Skandinaviska Enskilda Banken and Standard Chartered Bank were lead arrangers and bookrunners for a new €200 million ($210 million) revolving credit facility for Valmet Oyj.