International Seaways secures $160m sustainability-linked loan
Credit facility’s margin to be reduced or increased by 0.075% a year based on Seaways performance on three sustainability metrics, regulatory filings shows
US-listed crude and product tanker owner International Seaways has entered a $160m revolving credit agreement with a sustainability-linked pricing adjustment. The adjustment is linked to three factors related to fleet sustainability, amount of sustainability-linked investment and the frequency of lost time injuries, consistent with a facility Seaways entered in May last year
