The facility will be used for a scrubber retrofit project and is available immediately.
Okeanis said that it expects to draw on it shortly to partly finance the capital expenditure required to retrofit scrubbers on two Aframax/LR2s and four Suezmaxes.
The loan carries an interest rate over Libor of 2%, a five-year tenor, and a four-year repayment profile beginning one year after drawdown.