US$895m Senior Term Loan and Revolving Credit Facility
08 January 2016
Clifford Capital provided a senior secured term loan facility together with a number of commercial banks to Teekay Tankers to enable the company to extend the maturity and consolidate its existing bank facilities following the company's recent acquisition of 12 tankers from Principal Martime.
Teekay Tankers is the world's largest integrated operator of medium sized crude oil tankers, and is part of the larger Teekay Corporation, which has significant presence in Singapore for the past 30 years across various business functions.
Clifford Capital is pleased to have been a part of Teekay Tankers' foray into the Asian financing market. Our financing is aimed at demonstrating support for the company as it plans to expand its business operations in Singapore.