Okeanis Eco Tankers Corp. - New Financings Update
Okeanis Eco Tankers Corp. (OET) has secured two new financing deals for its recently acquired Suezmax vessels. The agreements, each worth $45 million, will fund part of the purchase for ships currently under construction. Both transactions are set to finalise in January 2026, coinciding with the vessels' expected delivery.
The company signed a $45 million facility for the Nissos Piperi with the National Bank of Greece (NBG). This loan carries an interest rate of Term SOFR plus 130 basis points and runs for seven years. Repayments will be made in quarterly instalments of $0.525 million, with a final balloon payment of $30.3 million due at maturity.
A second $45 million agreement, the Nissos Serifopoula Facility, was arranged with another leading Greek bank. It follows similar terms: Term SOFR plus 130 basis points over eight years, with quarterly payments of $0.525 million and a $28.2 million balloon payment at the end. Both loans are secured by mortgages on the respective vessels and backed by company guarantees.
The ships, Nissos Piperi and Nissos Serifopoula, are being built at Daehan Shipbuilding Co., Ltd. Iraklis Sbarounis, CFO of OET, noted that these financings benefit shareholders and strengthen the company’s capital structure.
The two facility agreements will close in January 2026, aligning with the vessels' delivery schedule. The financing structure includes regular repayments and large final payments at maturity. Both ships will then enter service under OET’s fleet.
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