d’Amico refinances six tankers with $83m loan package

The Milan- and OTCQX-listed company said its operating subsidiary, d’Amico Tankers, has entered into several new loan facilities linked to the ships.

Margins on the financing range between 130 and 150 basis points over the three-month SOFR benchmark, with an average margin of about 1.42%.

Chief executive Carlos di Mottola said the deals reflect improved credit conditions for the company and supportive market fundamentals for product tankers.

He noted that most of the transactions were concluded with long-standing relationship banks that have backed the company through multiple shipping cycles.

Chief financial officer Federico Rosen said the refinancing has helped lower the company’s overall borrowing costs while strengthening its debt profile.

Following the transactions, the company’s weighted average margin over SOFR has fallen to about 1.62% as of early March 2026.

The refinancing has also pushed the average remaining maturity of its debt from 3.3 years to 4.9 years and significantly reduced loan repayments due in 2027, cutting that figure from $67.3m to $10.9m.      The company said the new facilities improve financial flexibility while securing longer-term funding for part of its fleet. d’Amico currently operates a fleet of 29 double-hulled product tankers across the MR, handysize and LR1 segments, of which 27 are owned and two are operated under bareboat charter.