Bank loan

DIS signs its first sustainability loan – The Medi Telegraph

Rome – DIS, or d’Amico International Shipping, a shipping company, signed a contract for its first loan linked to sustainable development as part of the refinancing of all debts maturing in 2022. More specifically, the company’s subsidiary of Amico Tankers has signed a $ 43 million five-year term credit facility agreement with ABN Amro Bank to refinance bank loans due 2022 on “MT Cielo di Ulsan”, “MT Cielo di Hanoi” and “ MT Cielo di Gaeta ”: as indicated, the margin of the first loan linked to the sustainability of DIS is adjusted based on the CO2 emissions of the Amico Tankers fleet and the annual efficiency ratio indicator (AER ) associated with the AER trajectory established by the Poseidon Principles for the type of vessels controlled by the subsidiary.

Furthermore, d’Amico also signed a five-year term loan facility of $ 15.5 million with Banco BPM to refinance the bank loan due in 2022 on “MT Cielo di Salerno”. This loan is expected to be drawn and the current funding repaid in January 2022. Earlier this month, the DIS subsidiary signed a five-year, $ 20 million term loan with Skandinaviska Enskilda Banken (SEB), to refinance the loan. bank loan maturing in 2022 on “MT Cielo Bianco”: this facility has been drawn and the previous financing repaid, the company informed.

According to the company, DIS’s fleet now includes 37 double-hull tankers with an average age of around 7.1 years for its owned and bareboat chartered vessels. Paolo d’Amico, Chairman and CEO of d’Amico International Shipping, said the company manages a modern ecological fleet with emissions well below the AER trajectory of Poseidon principles: “Having such a modern fleet gives us access to better financing conditions The largest banks financing the maritime sector are signatories of the Poseidon Principles and are committed to reducing the CO2 footprint of the ships they finance, ”said d’Amico.