The SLL includes a sustainability-linked margin adjustment with two Key Performance Indicators (KPIs). One KPI is linked to reducing fleet emissions and the second to increasing the number of female seafarers in the Companys employment. The refinancing completed today, after which there are no loan expiries until 2026.
The syndicate includes ABN AMRO Bank as Sustainability Coordinator and Credit Agricole Corporate and Investment Bank as Documentation Agent, jointly acting as Bookrunning Mandated Lead Arrangers, along with Skandinaviska Enskilda Banken, Standard Chartered Bank and Iyo Bank.
Charles Maltby, CEO of BWEK, says, This is BW Epic Kosans first Sustainability-Linked Loan. We appreciate the support from our financial partners on our important initiatives to reduce climate impact from vessel operations and to improve gender diversity in shipping. We look forward to collaborating further with all partners to achieve our sustainability goals.
The Companys sustainability report is available on our website.
For more information please contact:
BW Epic Kosan Ltd.
Uta Urbaniak-Sage Charles Maltby
Chief Financial Officer Chief Executive Officer
Tel. +65 6230 7801
ir@bwek.comwww.bwek.com
Please click here to download a copy of this press release.
