Epic Gas Seals Financing for Seven Newbuilds
Owner and operator of fully pressurized gas carriers Epic Gas Ltd. has closed a new USD 120 million post-delivery senior secured credit facility to finance its remaining seven owned vessels under construction.
The Singapore-based company said that the facility covers approximately 65% of the contract price of the vessels, and has been closed in partnership with book running mandated lead arranger ABN AMRO Bank N.V. Credit Agricole Corporate and Investment Bank. NIBC Bank N.V. also joined the facility as book running mandated lead arrangers.