2020 Bulkers

2020 Bulkers Ltd. (Euronext Oslo Børs “2020” and Euronext NOTC “2020T”) – Execution of new USD 146 million senior facilities agreement

Källa: MFN
Neutral

Sammanfattning

2020 Bulkers Ltd. har ingått ett nytt senior facilities agreement om 146 miljoner USD för att refinansiera befintliga skulder och finansiera fartygsköp. Avtalet löper till oktober 2030 med en ränta om SOFR + 3,35%.

Analys

Bolaget genomför en refinansiering av sin skuldsättning för att täcka fartygsköp och rörelsekapital. Det nya avtalet löper över fyra år och inkluderar både en amorteringslån och en checkkredit. Villkoren är standardmässiga för branschen.

Nyckeltal

Nytt låneavtal
146 miljoner USD
Ränta
SOFR + 3,35%
Maturitet
30 oktober 2030

Insikter

  • • Avtalet ger bolaget finansiell flexibilitet för framtida investeringar.
  • • Räntan är kopplad till SOFR, vilket innebär ränterisk.
  • • Amorteringsstrukturen med en stor ballongbetalning vid slutdatum kan innebära en refinansieringsrisk framöver.
Fundamental påverkan
Positiv

Bolaget säkrar finansiering för fartygsköp och refinansierar befintlig skuld, vilket ger finansiell stabilitet.

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Oslo, 9 November 2026

Oslo, 9 November 2026

2020 Bulkers Ltd. (the “Company”) announces that its wholly-owned subsidiary UMAS 50 AS has entered into a USD 146 million senior facilities agreement for the refinancing of the Company's group of wholly-owned ship-owning companies. The facilities have been arranged by a syndicate of Norwegian and European banks.

The agreement comprises a USD 110 million term loan facility for part-financing vessel acquisitions and refinancing existing vessel indebtedness (including seller credits), a USD 10 million revolving credit facility for general corporate and working capital purposes, and a USD 26 million revolving facility for the purpose of financing special periodical surveys.

The facilities bear interest at compounded SOFR plus a margin of 3.35% per annum and mature on 30 October 2030. The term facility is repayable in quarterly instalments of approximately 4% of each tranche’s original principal amount, commencing six months after the relevant drawdown, with a balloon payment of 40% payable at maturity in addition to the final ordinary instalment. The revolving SPS facility is subject to a scheduled maximum outstanding amount that varies over the life of the facility. The facilities agreement otherwise contains financial covenants customary for this type of financing, including customary covenants in relation to dividends and distributions.

Completion of the refinancing and drawdown under the facilities remain subject to customary conditions precedent.

For further information, please contact:Tom Babinski, group CEOTel. +47 95 91 61 48

This information is subject to a duty of disclosure pursuant to Section 5-12 of the Norwegian Securities Trading Act. This information was issued as inside information pursuant to the EU Market Abuse Regulation, and was published by the Company's CFO, Vidar Hasund, on the date and time provided.

About 2020 Bulkers Ltd.:2020 Bulkers Ltd. is a limited liability company incorporated in Bermuda on September 26, 2017. The Company's shares under ISIN BMG9156K1018 are traded on Euronext Oslo Børs under the ticker "2020" and the Company's shares under ISIN BMG9156K1190 are traded on Euronext NOTC under the ticker "2020T". The Company owns and operates a fleet of large Anchor Handling Tug Supply vessels.