Term loan facility

Search documents
GOGL โ Golden Ocean and CMB TECH signed loan facilities of $2 billion to refinance outstanding debt in Golden Ocean
GlobeNewswire News Roomยท 2025-06-20 20:30
Group 1 - CMB.TECH has identified a bank syndicate to refinance all or parts of the outstanding debt in Golden Ocean Group Limited [1] - A $2,000 million facilities agreement has been signed, which includes a term loan facility of up to $1,250 million and a revolving credit facility of up to $750 million [2] - The term loan facility is expected to be drawn during the second and third quarters of 2025 [3] Group 2 - The facilities agreement will become available following the completion of the planned merger between Golden Ocean and CMB.TECH, expected in Q3 2025 [2] - Golden Ocean acts as the borrower while CMB.TECH serves as the parent guarantor [2]