- Golden Ocean Group ( NASDAQ: GOGL ) to acquire six modern 208,000 deadweight tons vessels equipped with exhaust gas cleaning systems, or scrubbers, for a total consideration of $291M.
- The newly-acquired vessels will be chartered back to their former owner, an unrelated third party, for ~36 months at an average daily time charter equivalent rate of ~$21,000 net.
- The acquisition will be financed by a new $233M credit facility, which will be secured by the newly-acquired vessels and two unencumbered vessels, and cash on hand.
- Over the past 24 months, Golden Ocean has sold 11 older vessels, generating aggregate net proceeds of ~$124M.
For further details see:
Golden Ocean Group acquires six Newcastlemax Vessels