Euronav Looks to Nordea for $1.2 billion Refinancing

Euronav Looks to Nordea for $1.2 billion RefinancingFollowing the company’s successful spin-off from CMB, Euronav is looking to refinance the entirety of is fleet debt with a new syndicated loan facility of up to $1.2 billion. Euronav typically pays in the range of 90-100 basis points, but could certainly hope to pay less if the strong market continues and banks are still in search of deal flow. Correspondingly, the company is trying particularly hard to execute the deal in a quick and efficient fashion. Euronav has turned to Nordea to for aid in its endeavor.
Following the company’s successful spin-off from CMB, Euronav is looking to refinance the entirety of is fleet debt with a new syndicated loan facility of up to $1.2 billion. Euronav typically pays in the range of 90-100 basis points, but could certainly hope to pay less if the strong market continues and banks are still in search of deal flow. Correspondingly, the company is trying particularly hard to execute the deal in a quick and efficient fashion. Euronav has turned to Nordea to for aid in its endeavor.

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