Investor Presentaiton
5
JULY 2020 REFINANCING ENHANCES LIQUIDITY, REDUCES DEBT SERVICE COST
(GLOG: $0.6 billion - 7 vessels and GLOP: $0.5 billion - 6 vessels)
4 new credit facilities totaling $1.1 billion secured by 13 vessels
1
2
Refinances all the Group's 2021 debt maturities, nearest bank maturity in 2024
c.$5 million
Total reduction in annual debt
service costs
c. $30 million
Total incremental cash received
from 4 new facilities
3
4
Amortization profile of a minimum of 22 years
Covenants in line with existing bank credit facilities and NOK 2024 bond
Latest refinancing eliminates cross guarantees between GLOG/GLOP
LENDERS
cíti
Nordea
nab
ING
DNB
CRÉDIT
AGRICOLE
ABN AMRO
HSBC
CREDIT SUISSE
BNP PARIBAS
R
ALPHA BANK
5
October 2020 | Investor Presentation
******
T
UniCredit
NATIONAL BANK
OF GREECE
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