Greek company Okeanis Eco Tankers Corp., led by Ioannis A. Alafouzos, clinched new bank lending for the financing of two resale newbuilding suezmaxes.

The Oslo-and-New York listed company sealed two separate facility agreements of $45m each with “prominent” Greek banks it did not identify.

In a filling, the shipowner announced entering into two new facility agreements for the financing of the recently acquired newbuilding suezmax vessels, each under construction at Daehan Shipbuilding, to be named Nissos Piperi and Nissos Serifopoula respectively, with expected deliveries in January 2026.

The Alafouzos-led firm said it sealed a $45m deal on Dec. 19 to finance a portion of the acquisition price of the suezmax Nissos Piperi, with a Greek bank. The facility contains an interest rate of Term SOFR plus 130 basis points, matures in seven years, and will be repaid in quarterly installments of $0.525m, together with a balloon installment of $30.3m at maturity.

It will be secured by, among other things, a mortgage over the Nissos Piperi, and it will be guaranteed by the company.

The second agreement involves the vessel Nissos Serifopoula with a separate Greek bank. Okeanis Eco Tankers entered into a $45m facility agreement on Dec. 19 with the bank to finance a portion of the acquisition price of the Nissos Serifopoula. The facility contains an interest rate of Term SOFR plus 130 basis points, matures in eight years, and will be repaid in quarterly installments of $0.525m, together with a balloon installment of $28.2m at maturity.

It will be secured by, among other things, a mortgage over the Nissos Serifopoula, and it will be guaranteed by the company.

The transactions, which are expected to close in January 2026, contain standard representations, warranties and covenants, including financial covenants, and are subject to standard conditions precedent, such as the delivery of the relevant vessel.

Iraklis Sbarounis, chief financial officer of Okeanis Eco Tankers, commented: “We are pleased to announce the final pieces of the puzzle related to the acquisition of the two resale newbuilding suezmaxes, funded by our successful equity raise in November and now two very competitive bank facilities.

“We have structured these transactions to be accretive for the benefit of our shareholders, without the need to tap into our cash balance, ensuring a continued focus on our capacity for dividend distributions.

“The financings further demonstrate our ability to enhance our capital structure, supported by the strong Alafouzos family relationships in the Greek banking market – relationships that we are keen to develop further.

“The Nissos Piperi Facility and the Nissos Serifopoula Facility, feature the most competitive financing terms within our fleet, each priced at 130 basis points over SOFR, with maturities in 2033 and 2034 respectively, and we expect such financings to contribute to improved daily debt service breakeven costs.

“We are excited to put these vessels to work as soon as they are delivered to us in the first half of January, and benefit from their expected cashflow generation.”

The sailing fleet of OET consists of six scrubber-fitted suezmax tankers and eight scrubber-fitted VLCC tankers.