Refinancing of EXMARs pressurized fleet

Antwerp - 29/10/2018

EXMAR is pleased to announce that it has successfully closed the refinancing of its Pressurized fleet with Japanese owners in the form of a sale and lease back transaction.

Five Pressurized vessels were delivered today. Two more vessels will be delivered in December 2018 and the remaining three in March 2019.

This refinancing will generate approximately USD 60 million of free cash to EXMAR.

EXMAR press release