Citigroup Takes Eletson into Market for Half Billion Refinancing

Citigroup Takes Eletson into Market for Half BillionRefinancingEletson is in the market with a massive $500 million deal to refinance the entirety of its existing debt. Citigroup is serving as sole Bookrunner while Citigroup and HSH Nordbank are joint MLAs. Eletson operates a Greek-flagged fleet of 11 handymax, ten panamax and post-panamax, and four aframax double hull tankers with an average age of 9.5 years and a total capacity of 1.6 mdwt.
Eletson is in the market with a massive $500 million deal to refinance the entirety of its existing debt. Citigroup is serving as sole Bookrunner while Citigroup and HSH Nordbank are joint MLAs. Eletson operates a Greek-flagged fleet of 11 handymax, ten panamax and post-panamax, and four aframax double hull tankers with an average age of 9.5 years and a total capacity of 1.6 mdwt.

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