Nordic American Tankers increases credit facility, extends to 2020

By Tanya Meyer

Chicago, Dec. 17 – Nordic American Tankers Ltd. announced it has agreed to extend and refinance its current credit facility to 2020.

The non-amortizing facility was increased to $500 million from $430 million, based on improved terms, according to a news release.

The banking group consists of DNB Bank, Nordea and Skandinaviska Enskilda Banken.

Nordic American Tankers is a Hamilton, Bermuda-based international tanker company.

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