This seven-year facility, backed by a syndicate of 11 banks, will refinance existing debt and support future growth.
Hafnia Limited, a global leader in the tanker industry, announced on Thursday, July 10, 2025, the successful signing of a $715 million Revolving Credit Facility. This substantial seven-year loan was secured by a modern fleet of 32 product tankers.
The new Loan Facility boasts a highly competitive margin and an age-adjusted amortization profile of 20 years, reflecting the strong confidence of the financial markets in Hafnia’s robust operational performance and strategic vision. The agreement was forged in collaboration with a syndicate of 11 prominent banks.
These included ING, OCBC, and Standard Chartered, who served as the mandated lead arrangers. They were joined by BNP Paribas, DBS Bank Ltd., IYO Bank, Societe Generale, and UOB as lead arrangers. Further reinforcing the syndicate were E.Sun Commercial Bank Ltd., Singapore Branch, Skandinaviska Enskilda Banken AB (publ), and Taishin International Bank, Singapore Branch, as co-arrangers. ING played a dual role, also serving as the Facility Coordinator and Facility Agent for the intricate transaction.
A key feature of the new Loan Facility is an uncommitted accordion tranche of up to $417 million, which can be exercised within two years. This provision offers Hafnia additional optionality, allowing it to scale its financial capacity in response to market conditions and strategic imperatives without immediate commitment, further cementing its financial agility.
Perry van Echtelt, Hafnia’s CFO, emphasized the transformative impact of this facility. "The lower cost, attractive terms and revolving nature of the facility gives us the agility to manage our liquidity needs and enhance our financial flexibility," he stated. This sentiment highlights the critical shift towards a more adaptable and cost-efficient financial structure for the company. By refinancing existing debt with this new facility, Hafnia has achieved a notable reduction in its overall cost of funding, concurrently lowering its cash flow breakeven point.
Hafnia Limited stands as one of the world's leading tanker owners, playing a vital role in the global transportation of oil, oil products, and chemicals. Its extensive client base includes major national and international oil companies, chemical companies, as well as trading and utility firms. This new Revolving Credit Facility is expected to reinforce Hafnia’s operational capabilities and competitive edge in a dynamic global shipping landscape, paving the way for sustained growth and enhanced shareholder value. The successful execution of this facility marks a significant milestone in Hafnia’s ongoing commitment to financial prudence and strategic expansion.
