Term sheet with lending banks completed - Concordia Maritime signs agreements on new loan terms and conditions

"It is pleasing to have our new agreement finally in place. It has been a complex process with many parties involved - but we now have a financing solution for the next three and a quarter years. The new agreement and the chartering out of the P-MAX vessels are important jigsaw puzzle pieces in our efforts to improve the Company's financial position. With these pieces in place, we now look forward to moving into the next phase," says Concordia Maritime CEO Kim Ullman. "It is pleasing to have...

"It is pleasing to have our new agreement finally in place. It has been a complex process with many parties involved - but we now have a financing solution for the next three and a quarter years. The new agreement and the chartering out of the P-MAX vessels are important jigsaw puzzle pieces in our efforts to improve the Company's financial position. With these pieces in place, we now look forward to moving into the next phase," says Concordia Maritime CEO Kim Ullman.

For more information, please contact:

Kim Ullman
CEO, Concordia Maritime AB
Tel: +46 31 85 50 03    
Mob: +46 704 85 50 03 
Email: [email protected]    

Martin Nerfeldt
CFO, Concordia Maritime AB
Tel: +45 88 938 661
Mob: +46 704 85 50 07
Email: [email protected]

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https://news.cision.com/concordia-maritime/r/term-sheet-with-lending-banks-completed---concordia-maritime-signs-agreements-on-new-loan-terms-and-,c3427068

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