Odfjell gets $200 million five-year revolver with five U.S. banks

By Susanna Moon

Chicago, Oct. 5 - Odfjell Holding (US) Inc. obtained a $200 million five-year secured revolving credit facility from a group of five U.S. banks that may be increased by another $100 million.

Proceeds will be used to finance the expansion projects for the Houston and Charleston terminals, for general corporate purposes in the respective companies and to refinance $54 million of debt at Odfjell Terminals (Houston) Inc., according to a company press release.

Odfjell Holding is a subsidiary of OTLG, which is a joint venture between Odfjell Terminals BV and Lindsay Goldberg LLC. Odfjell is a company in the global market for transportation and storage of bulk liquid chemicals, acids, edible oils and other special products. The company is based in Rotterdam-Botlek, the Netherlands.

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