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2020 Bulkers secures refinancing

Norwegian dry bulk operator 2020 Bulkers has gained better terms with a new loan facility that secures the company's financing until 2027.

Photo: PR / 2020 Bulkers

With a new refinancing deal for a loan facility of USD 180 million, Norwegian dry bulk operator 2020 Bulkers has worked out its financing up until 2027, according to a stock exchange announcement.

The previous financing deal was set to mature in 2024, while the new loan facility of USD 162 million ensures 2020 Bulkers more favorable financing terms than previously and for a longer period of time as well.

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