{"id":30875,"date":"2022-07-21T20:09:18","date_gmt":"2022-07-21T17:09:18","guid":{"rendered":"https:\/\/www.al-sindbad.net\/damico-agrees-tankers-refinancing-in-82m-sustainability-linked-deal\/30875\/"},"modified":"2022-07-21T20:09:18","modified_gmt":"2022-07-21T17:09:18","slug":"damico-agrees-tankers-refinancing-in-82m-sustainability-linked-deal","status":"publish","type":"post","link":"https:\/\/www.al-sindbad.net\/damico-agrees-tankers-refinancing-in-82m-sustainability-linked-deal\/30875\/","title":{"rendered":"D\u2019Amico agrees tankers refinancing in $82m sustainability-linked deal"},"content":{"rendered":"<p><\/p>\n<div class=\"entry-content entry clearfix\">\n<div class=\"mailmunch-forms-before-post\" style=\"display: none !important;\"><\/div>\n<p>Italian owner d\u2019Amico International Shipping (DIS) has landed a new $82m sustainability-linked funding package to refinance four tankers.<\/p>\n<p>The company\u2019s Irish subsidiary, d\u2019Amico Tankers, has inked a five-year term facility with ING and Skandinaviska Enskilda Banken (SEB) to pay off the bank loans maturing in 2023 on the 2018-built <em>Cielo di Cagliari, Cielo Rosso<\/em> and <em>Cielo di Rotterdam<\/em>, and the 2014-built <em>Cielo di New York<\/em>.<\/p>\n<p>With a fleet of 35 product tankers, DIS said it expects to draw down all four tranches of this new facility, with the previous financings reimbursed, in July 2022. The margin for the new sustainability-linked loan will be adjusted based on the CO2 emissions of d\u2019Amico Tankers\u2019 fleet and the associated annual efficiency ratio (AER) indicator, relative to the AER trajectory established by the Poseidon Principles.<\/p>\n<p>\u201cDIS has refinanced the loans maturing in 2023, with their related balloons, on four of its owned vessels, with d\u2019Amico Tankers achieving some of its best financing terms ever, said Paolo d\u2019Amico, chairman and CEO of d\u2019Amico International Shipping, adding: \u201cOur very modern and eco\u00a0fleet, coupled with a very solid balance sheet, allows us today to access some of the most competitive financing terms available in our sector.\u201d<\/p>\n<div class=\"mailmunch-forms-in-post-middle\" style=\"display: none !important;\"><\/div>\n<p>ING will act as this facility\u2019s agent and sustainability coordinator.<\/p>\n<p>\u201cDIS is a market leader in operating fuel-efficient ships and always at the forefront of further improvements and therefore fits perfectly with ING\u2019s ambitions to help the maritime industry decarbonise,\u201d stated Stephen Fewster, global head of shipping at ING.<\/p>\n<div class=\"mailmunch-forms-after-post\" style=\"display: none !important;\"><\/div>\n<div class=\"stream-item stream-item-below-post-content\">\n\t    <!-- \/91333190\/SPLASH247_*_Splash247_Article_*_Strip_Slot_*_2 --><\/p>\n<div id=\"div-gpt-ad-1_95_0_1_2\">\n<script>\ngoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1_95_0_1_2'); });\n<\/script>\n<\/div>\n<\/p><\/div>\n<div class=\"post-bottom-meta post-bottom-tags post-tags-modern\">\n<div class=\"post-bottom-meta-title\"><span class=\"tie-icon-tags\" aria-hidden=\"true\"><\/span> Tags<\/div>\n<p><span class=\"tagcloud\"><a href=\"https:\/\/splash247.com\/tag\/italy\/\" rel=\"tag\">Italy<\/a><\/span><\/div>\n<\/p><\/div>\n<p>splash247<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Italian owner d\u2019Amico International Shipping (DIS) has landed a new $82m sustainability-linked funding package to refinance four tankers. The company\u2019s Irish subsidiary, d\u2019Amico Tankers, has inked a five-year term facility with ING and Skandinaviska Enskilda Banken (SEB) to pay off the bank loans maturing in 2023 on the 2018-built Cielo di Cagliari, Cielo Rosso and &hellip;<\/p>\n","protected":false},"author":1,"featured_media":30876,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[58],"tags":[],"class_list":["post-30875","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tanker-news"],"_links":{"self":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/30875","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/comments?post=30875"}],"version-history":[{"count":0,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/30875\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media\/30876"}],"wp:attachment":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media?parent=30875"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/categories?post=30875"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/tags?post=30875"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}