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Northern Ocean amends Sterna financing, lifts total commitments to USD 150 million

PUBT·10/02/2026 21:57:13
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Northern Ocean amends Sterna financing, lifts total commitments to USD 150 million
  • Northern Ocean amended and extended its financing with Sterna Finance, lifting total commitments to USD 150 million from USD 125 million.
  • Reworked Sterna Facility adds a USD 100 million term loan, a USD 35 million bridge facility, a USD 15 million factoring facility.
  • Tenor extended by 24 months; about USD 11.5 million of accrued payment-in-kind interest due on completion of the private placement.
  • Bridge drawings to be repaid when the private placement closes; refinancing expected to fund liquidity into April 2027 operations start.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Northern Ocean Ltd. published the original content used to generate this news brief via NewsWeb, the disclosure sustem operated by Euronext Oslo (Ref. ID: 202610021755OSLOBORSNEWS__EN_31A03A0547758D6FD29A34481EDF9EB), on October 02, 2026, and is solely responsible for the information contained therein.