Oslo, 25 June 2026: A subsidiary of Klaveness Combination Carriers ASA ("KCC"
or the "Company") has today closed a new USD 200 million senior secured bank
facility, refinancing existing debt and extending debt maturities.
The facility consists of a 50/50 combination of a revolving credit facility
(RCF) and a term loan, with a six-year tenor, a 20-year age-adjusted repayment
profile, and bears interest at SOFR plus a margin of 165 bps p.a.,
representing an improvement in the overall financing terms compared with the
existing facilities being refinanced. The new facility refinances USD 116.4
million of drawn bank debt and replaces USD 68.0 million of undrawn RCF
capacity.
The refinancing has been arranged with the continued support of six
relationship banks, comprising DNB, Credit Agricole, Nordea, SEB, Sparebank 1
Sør-Norge and Sparebanken Norge, currently participating in the two facilities
being refinanced.
The new facility will fully refinance one existing facility maturing in 2028
and partially refinance a facility maturing in March 2027. Seven out of KCC's
eight CLEANBU vessels will serve as collateral under the new facility.
"The refinancing reflects KCC's strong banking relationships and solid credit
profile. By extending our debt maturity profile and securing attractive
financing terms, we further strengthen the Company's financial flexibility and
funding visibility," said Liv Dyrnes, CFO and Deputy CEO of KCC.
For further queries, please contact:
Liv Dyrnes, CFO and Deputy CEO, tel.: +47 976 60 561
About Klaveness Combination Carriers ASA:
KCC is the world leader in combination carriers, owning and operating ten CABU
and eight CLEANBU combination carriers with one CABU vessels under
construction for delivery in 2026. KCC's combination carriers are built for
transportation of both wet and dry bulk cargoes, being operated in trades
where the vessels efficiently combine dry and wet cargoes with minimum
ballast. Through their high utilization and efficiency, the vessels emit up to
40% less CO2 per transported ton compared to standard tanker and dry bulk
vessels in current and targeted combination trading patterns.
ssels in current and targeted combination trading patterns.\