CP Ships Limited has closed on a five-year $525 million secured multicurrency revolving credit facility. and one for $350 million completed in March 2002. general corporate purposes including capital expenditure and acquisitions. Pricing is linked to credit ratings. 0.44% payable on the undrawn portion. the facility, the applicable margin will increase by 0.15%. mandated lead arrangers. banks with extensive experience of lending to the shipping industry.
Subscribe for Maritime Reporter E-News
Maritime Reporter E-News is the maritime industry's largest circulation and most authoritative ENews Service, delivered to your Email five times per week