2020 Bulkers Unit Signs $146 Million Senior Facilities Agreement

12:04 AM EST, 11/10/2026 (MT Newswires) -- 2020 Bulkers (2020.OL) unit UMAS 50 will obtain $146 million of senior facilities from a syndicate of Norwegian and European banks, according to a Monday release. The owner and operator of anchor handling tug supply vessels will receive a $110 million term loan facility to partly finance vessel acquisitions and refinance existing vessel debt; a $10 million revolving credit facility for general corporate and working capital purposes; and a $26 million revolving facility to fund special periodical surveys. Due Oct. 30, 2030, the facilities bear interest at a compounded secured overnight financing rate plus a margin of 3.35% per annum. Completion of the refinancing and drawdown under the facilities is pending certain conditions.