The company confirmed that it could draw on the facility at any time prior to 12 August 2021. When the loan is drawn up, it will bear interest at L+3.75 per cent and will mature 364 days from funding.

The facility will be secured by RCI Holdings, LLC, a wholly owned subsidiary of a corporation that holds equity interests in companies that own seven of the vessels of the firm. The organization has the potential to raise the capacity of the facility by an estimated $ 300 million from time to time, subject to new or expanded commitments and guarantees.

Perella Weinberg Partners LP served as financial advisor and Skadden Arps , Slate , Meagher & Flom LLP served as legal counsel to the client in connection with the term loan facility.

Maritime Business World