KCC: Klaveness Combination Carriers secures USD 200 million bank refinancing
Oslo, 25 June 2026: A subsidiary of Klaveness Combination Carriers ASA ("KCC" or the “Company”) has today closed a new USD 200 million senior secured bank facility, refinancing existing debt and extending debt maturities.
The facility consists of a 50/50 combination of a revolving credit facility (RCF) and a term loan, with a six-year tenor, a 20-year age-adjusted repayment profile, and bears interest at SOFR plus a margin of 165 bps p.a., representing an improvement in the overall financing terms compared with the existing facilities being refinanced. The new facility refinances USD 116.4 million of drawn bank debt and replaces USD 68.0 million of undrawn RCF capacity.
The refinancing has been arranged with the continued support of six relationship banks, comprising DNB, Credit Agricole, Nordea, SEB, Sparebank 1 Sør-Norge and Sparebanken Norge, currently participating in the two facilities being refinanced.
The new facility will fully refinance one existing facility maturing in 2028 and partially refinance a facility maturing in March 2027. Seven out of KCC’s eight CLEANBU vessels will serve as collateral under the new facility.
"The refinancing reflects KCC's strong banking relationships and solid credit profile. By extending our debt maturity profile and securing attractive financing terms, we further strengthen the Company's financial flexibility and funding visibility," said Liv Dyrnes, CFO and Deputy CEO of KCC.
For further queries, please contact:
Liv Dyrnes, CFO and Deputy CEO, tel.: +47 976 60 561
About Klaveness Combination Carriers ASA:
KCC is the world leader in combination carriers, owning and operating ten CABU and eight CLEANBU combination carriers with one CABU vessel under construction for delivery in 2026. KCC's combination carriers are built for transportation of both wet and dry bulk cargoes, being operated in trades where the vessels efficiently combine dry and wet cargoes with minimum ballast. Through their high utilization and efficiency, the vessels emit up to 40% less CO2 per transported ton compared to standard tanker and dry bulk vessels in current and targeted combination trading patterns.