Altera Shuttle Tankers – Refinancing Completed

27 Mar 2023 16:04 CEST

A subsidiary of Altera Shuttle Tankers has successfully completed an amendment
and extension of the existing financing for the shuttle tankers operating off
the East Coast of Canada, which included a $30 million upsize to the commercial
senior tranche to take-out the junior financing related to the same vessels.
Following the amendment, the outstanding amount of commercial senior tranche is
$153 million and the total financing amounts to $333 million. The commercial
tranche has been extended for three years to March 2026 with an improved overall
pricing. 

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