Rickmers – BT

Rickmers secures US$627.5m facilities

RICKMERS Maritime has secured US$627.5 million in new credit facilities. The funds will be used in its fleet expansion. Rickmers said it will benefit from attractive interest rates ranging from 0.95 per cent to 1.2 per cent above US$ Libor per annum. A significant portion of the credit facilities will be hedged, thereby fixing the future cost of debt financing, it said.