Overseas Shipholding completes $900 million unsecured revolver

By Sara Rosenberg

New York, May 26 - Overseas Shipholding Group Inc. closed on $900 million unsecured revolving credit facility due Dec. 31, 2016, according to a news release.

DnB NOR Bank acted as the lead bank on the deal.

The company can start drawing on the revolver on Feb. 8, 2013, which is when the existing revolver expires.

There is a $350 million accordion feature.

Overseas Shipholding is a New York-based provider of energy transportation services.

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