The contracts are for six vessels and total $83 million. The average debt maturity is lengthening, which is reflected in the reduction of the average margin

A subsidiary of d'Amico International Shipping S.A. (DIS), the Irish-registered company d'Amico Tankers D.A.C. recently signed new financing agreements for six of its owned vessels. The total amount of the financing was $83 million. The margin on the three-month SOFR (Secured Overnight Financing Rate, the benchmark for dollar-denominated loans, ed.) ranged from 130 basis points (for the most recent financing) to 150 basis points, with an average margin of 1.42%.

D'Amico issued a statement announcing the news. To date, DIS's fleet comprises 29 double-hull product tankers (MR, Handysize, and LR1), of which 27 are owned and two are bareboat chartered. The fleet's average age is 9.6 years. Carlos Di Mottola, the CEO of D'Amico International Shipping, stated: "Thanks to the solidity of our current financial structure, the improvement in our creditworthiness, and the positive market outlook, DIS has been able to refinance part of its debt by taking out new loans at very competitive SOFR margins."

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Improve the company's debt maturity profile

In this regard, Federico Rosen, the Chief Financial Officer of D’Amico International Shipping (DIS), added, “We have refinanced a significant portion of our debt at highly favorable terms, which is a testament to our company’s financial strength. By securing new financing with an historically low SOFR margin, DIS reduced its average margin to 1.62% as of March 2026. This extended the average remaining debt maturity from 3.3 years to 4.9 years and lowered the total debt set to mature in 2027 from $67.3 million to $10.9 million. These transactions further strengthen our financial flexibility and improve the company's debt maturity profile." 

About : d'Amico Tankers

d'Amico Tankers d.a.c. is an Irish-based subsidiary of d'Amico International Shipping S.A. (DIS), specializing in the ownership, management, and chartering of a modern, eco-friendly fleet of product tankers. As part of the Italian d'Amico Group (founded 1952), it operates globally, focusing on transporting refined petroleum products, chemicals, and vegetable oils

About :The d'Amico Group

The d'Amico Group, founded in 1952, is a world leader in maritime transportation in the Dry Cargo and Product Tankers sectors, offering international shipping services related to its core businesses. it owns a modern and Eco fleet of Dry bulk carriers and Products tankers. With offices in over 10 maritime and financial centers worldwide, the d’Amico Group has nearly 220 ashore employees and over 1120 seafarers on board its vessels. Its mission and strategy have always been focused on sustainability, on customer care and on nurturing the professional excellence of its people. 

Related : D'Amico I.S. announced an increase in time charter coverage.

Source : Press - Release 

#The d'Amico Group #d'Amico Tankers # Federico Rosen #SOFR margin # Carlos Di Mottola #New financing agreements