2.3% - 2.9% per annum. The margin is reset every
quarter based on the ratio of net debt to total
capitalisation ratio. As of December\u00a031, 2024 and
December\u00a031, 2023, the outstanding balance on
this facility was USD 750.0\u00a0million and USD
415.7\u00a0million, respectively.\u00a0
The Company has fully repaid the outstanding
liabilities for the following loans in the fourth
quarter of 2023:
\u2013 Credit facility of USD 108.5 million with Korea
Trade Insurance Corporation (K-sure) as insurer
dated April 25, 2017.
\u2013 Credit facility of USD 173.6 million with Kexim,
BNP and Credit Agricole Corporate dated
March 15, 2018.
\u2013 Credit facility of USD 200.0 million with Nordea
dated September 7, 2018.
\u2013 Credit facility of USD 700.0 million with Nordea
dated August 28, 2019.
\u2013 Sustainability-linked loan of USD 713.0\u00a0million
with Nordea dated September 11, 2020.
\u2013 Sustainability-linked loan of USD 73.45\u00a0million
with DNB dated December 2, 2021.
\u2013 Credit facility of USD 447.0\u00a0million with Nordea
dated December 6, 2022.
\u2013 Credit facility of USD 190.4\u00a0million with DNB
dated June 29, 2023.
Due to the acquisition and consolidation of
CMB.TECH Enterprises as per February, 2024, the
following facilities were entered into the Group:
\u2013 Credit facility of 152.0\u00a0million Euro with CEXIM
dated January 29, 2022. As of December\u00a031,
2024, the outstanding balance on this facility
was USD\u00a072.5\u00a0million.
\u2013 Credit facility of 8.8 million Euro with Soci\u00e9t\u00e9
G\u00e9n\u00e9rale dated March 10, 2022. As of
December\u00a031, 2024, the outstanding balance
on this facility was USD 8.2 million.
\u2013 Credit facility of 1.25 million Euro with KBC
dated March 2, 2023. As of December\u00a031,
2024, the outstanding balance on this facility
was USD 1.3 million.
\u2013 Credit facility of 1.25 million Euro with Belfius
dated May 16, 2023. As of December\u00a031, 2024
the outstanding balance on this facility was
USD 1.3 million.
\u2013 Credit facility of 100.1\u00a0million Euro with BNP
Paribas Fortis dated October 9, 2023. Upsize
term loan facility of 51.1\u00a0million Euro was
concluded on November 28, 2024 to finance a
CSOV. As of December\u00a031, 2024,
USD\u00a086.9\u00a0million was outstanding under this
facility.
\u2013 Sustainability-linked credit facility of 50.1\u00a0million
Euro with Soci\u00e9t\u00e9 G\u00e9n\u00e9rale dated August 3,
2023. Upsize facility of 104.6\u00a0million Euro was
concluded on September 30, 2024 to finance
two other CSOVs. As of December\u00a031, 2024,
USD 34.3 million was outstanding under this
facility.
\u2013 Credit facility of USD 280.0 million with CEXIM
dated September 28, 2023. As of
December\u00a031, 2024, the outstanding balance
on this facility was USD 189.2 million.
\u2013 Credit facility of 77.9 million Euro with KBC and
Belfius dated June 23, 2021. As of December
31, 2024, the outstanding balance on this
facility was USD 43.9 million.
On May 8, 2024, the Group entered into a credit
facility of USD\u00a0224.0\u00a0million for the financing of
five Newcastlemax dry bulk vessels that also
features a predelivery finance component. The
facility has been concluded with CEXIM and is
guaranteed with a Sinosure insurance cover. The
facility has a term of 12 years as from delivery of
the respective vessels and carries a rate of CME
Term SOFR plus a margin of 2.06%. As of
December\u00a031, 2024, the outstanding balance on
this facility was USD 115.7 million.
On June 28, 2024, the Company has entered into
an amendment and restatement agreement
relating to the Global Refinancing USD 1,290.0
million to (i) consolidate the Newbuild Facility into
the Revolving Facility and (ii) increase the amount
of the Revolving Facility to up to
USD\u00a01047.0\u00a0million; and (iii) revise the reduction
and repayment amounts in relation to the
Revolving Facility. In Q3 and Q4, the Company has
fully repaid the Transition Facility.