- Global Ship Leasing (NYSE:GSL) announced on Monday a $300 million secured term loan facility to comprehensively refinance and streamline some of its outstanding liabilities on significantly improved terms.
- The modern facility is maturing in Q3 2030 and has a Term SOFR interest rate plus a margin of 1.85%, taking advantage of the company’s existing SOFR limits of 0.64% until the end of 2026.
- The Company intends to employ the net amount obtained under the New Loan to refinance or prepay, in whole or in part, a total of 10 existing loans.
- Press release.
Global Ship Lease establishes $300 million secured term loan
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