Diamond S Shipping secures new, $525m credit facility

Diamond S Shipping is pushing its debt back. The Connecticut tanker owner announced Monday that it had secured a five-year, $525m credit facility that it would use to pay down the company’s $501m in outstanding loans. “We are pleased that we were able to close on this facility and achieve a number of important goals, particularly given the challenging international environment for ship lending,” said Kevin Kilcullen, Chief Financial

Source: http://www.tradewindsnews.com

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