Hafnia limited announced the signing of a $715 Million RCF secured against 32 product tankers with a syndicate of 11 banks. The Facility is claimed to have a very competitive margin and tenor of seven years with an age-adjusted amortization profile.

Al Seer Marine, secured an AED 760 million financing facility from ADCB to acelerate portfolio expansion and fleet growth across gas and oil carriers.

Foresight Group continues that trend having completed a $310 million senior secured credit facility with Abu Dhabi Commercial Bank (“ADCB”), consolidating a number of legacy bilateral loans. The transaction simplifies the Group’s debt structure and extends its refinancing strategy following a similar transaction with ADCB last year. In August 2024, the Group refinanced a modern jack-up rig on charter to Oil & Gas Corporation of India with a $103 million bilateral loan from ADCB, achieving material savings relative to its previous facility.

The bonds bear a coupon of 9.875% and were priced at 97% of par pushing the effective coupon to approximately 10.10%.

Navios, which has a long history of bond financings in the U.S. markets, launched its inaugural bond issue in the Nordics recently with a $400 million senior secured offering, with Arctic Securities as sole global coordinator and joint bookrunner alongside Fearnley Securities, with SEB as Co-Manager and S. Goldman Advisors as debt adviser. The bonds bear interest at 8.875%, and will mature in five years in July of 2030, with proceeds being utilized to refinance existing debt of the group.