HAFNIA ANNOUNCES SIGNING OF USD 303M SUSTAINABILITY-LINKED REVOLVING CREDIT FACILITY

19 Sep 2023 17:47 CEST

19 September 2023

Hafnia Limited (“Hafnia,” the “Company”), is pleased to announce the signing of
a Sustainability-Linked Credit Facility (the “Loan Facility”). This facility
will mature in early 2029 and with commitments of up to USD 303 million, was
established in partnership with a syndicate of eight banks.

The syndicate includes BNP Paribas, Citibank, Danske Bank, DBS Bank, IYO Bank,
Nordea Bank, Oversea-Chinese Banking Corporation ("OCBC Bank”), and Standard
Chartered Bank, all of which acted as mandated lead arrangers. BNP Paribas
served as the Facility Coordinator, DBS Bank as the Sustainability Coordinator,
and Nordea assumed the role of the Loan Facility Agent.

The Loan Facility is an amortising revolving credit facility and secured by a
fleet of nine chemical tankers. The Loan Facility has an annual Sustainability
Margin Adjustment Mechanism with DNV providing the second party opinion on key
performance indicator (KPIs) such as emissions-related and relative share of
chemical cargoes carried.

This milestone marks a significant achievement, particularly in the context of
Hafnia's acquisition of its chemical tankers last year. By securing this Loan
Facility, Hafnia not only reduces its funding costs but also enhances its
financial flexibility, positioning the company for future growth and
sustainability efforts.

“We appreciate the continued support from our banks and managed to achieve a
very competitive pricing and financing structure. Through this Loan Facility, we
will be cooperating in our efforts towards the decarbonisation of the shipping
sector. This facility reinforces Hafnia’s ability to access highly competitive
funding sources and aligns our financing with our path to decarbonising
shipping.” says Hafnia’s CFO Perry van Echtelt.


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For further information, please contact:

Mikael Skov
CEO Hafnia Limited
+65 8533 8900

About Hafnia:

Hafnia is one of the world's leading tanker owners, transporting oil, oil
products and chemicals for major national and international oil companies,
chemical companies, as well as trading and utility companies.
As Owners and Operators of over 200 vessels, we offer a fully integrated
shipping platform, including technical management, commercial and chartering
services, pool management, and a large-scale bunker desk. Hafnia has offices in
Singapore, Copenhagen, Houston, and Dubai and currently employs over 4000
employees onshore and at sea. Hafnia is part of the BW Group, an international
shipping group involved in oil and gas transportation, floating gas
infrastructure, environmental technologies, and deepwater production for over 80
years.

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