Okeanis Eco Tankers Corp. announced on June 17, 2025, that it has entered into a new $65.0 million secured term loan facility. This financing is specifically for the previously announced purchase back of the VLCC Nissos Kea from its current sale and leaseback financier.
The term loan facility is provided by a syndicate of banks, led and arranged by E.SUN Commercial Bank, Ltd. It carries an interest rate of Term SOFR plus 135 basis points and has a seven-year maturity.
The loan will be repaid in quarterly installments of $0.9 million, with a balloon installment of $39.8 million at maturity. This transaction is expected to close in June 2025, completing the refinancing of the three youngest VLCC vessels and further improving the company's debt profile.
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