GasLog Ltd. closed a sustainability-linked refinancing consisting of a US$2.8 billion loan with 14 banks secured by 23 LNG carriers. Citibank and BNP Paribas acted as joint coordinators and DNB Bank ASA, London Branch acted as Agent and Security Agent.
The loan is linked to decarbonisation and social key performance targets, and includes two one-year extension options. It is understood to be the largest ever debt financing recorded in the global shipping space.
Bermuda Director Victor Richards and Associate Jacari Brimmer-Landy worked alongside Norton Rose Fulbright LLP, Athens on this matter.