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CAP - GOGL - Golden Ocean and CMB TECH signed loan facilities of $2 billion to refinance outstanding debt in Golden Ocean

Company: Golden Ocean Group Date: 2025-06-20 Language: English Register to download

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 GOGL - Golden Ocean and CMB TECH signed loan facilities of $2 billion to refinance outstanding debt in Golden Ocean

# GOGL - Golden Ocean and CMB TECH signed loan facilities of $2 billion to refinance outstanding debt in Golden Ocean

Reference is made to the press release issued by CMB.TECH NV (NYSE: CMBT &  

Euronext Brussels: CMBT) ("CMB.TECH") on March 4, 2025, which announced that  

they had identified a bank syndicate to refinance all or parts of the  

outstanding debt in Golden Ocean Group Limited ("Golden Ocean").  

  

Golden Ocean and CMB.TECH hereby announce the signing of a $2,000 million  

facilities agreement with a bank syndicate comprising a term loan facility of up  

to $1,250 million and a revolving credit facility ("RCF") of up to $750 million  

which will become available following the completion of the planned merger  

between Golden Ocean and CMB.TECH, expected in Q3 2025. Golden Ocean acts as the  

borrower and CMB.TECH acts as the parent guarantor.  

  

The term loan facility of $1,250 million is expected to be drawn during the  

second and the third quarter of 2025.  

  

For further queries, please contact:  

  

Peder Simonsen, CEO of Golden Ocean Management AS  

Telephone: +47 22 01 73 40  

  

Randi Navdal Bekkelund, CFO of Golden Ocean Management AS  

Telephone: +47 22 01 73 40  

  

June 20 2025  

Hamilton, Bermuda  

  

  

This information is subject to the disclosure requirements pursuant to Section  

5-12 the Norwegian Securities Trading Act