BW Epic Kosan Ltd. announced that it has secured its first Sustainability Linked Loan (“SLL”) to refinance 19 vessels for up to $140 million alongside an acquisition line of $20 million to finance potential growth opportunities. The SLL includes a sustainability-linked margin adjustment with two Key Performance Indicators (KPIs). One KPI is linked to reducing fleet emissions and the second to increasing the number of female seafarers in the Company's employment.

The syndicate includes ABN AMRO Bank as Sustainability Coordinator and Credit Agricole Corporate and Investment Bank as Documentation Agent, jointly acting as Bookrunning Mandated Lead Arrangers, along with Skandinaviska Enskilda Banken, Standard Chartered Bank and Iyo Bank. Stephenson Harwood (Singapore) Alliance has advised ABN AMRO Bank N.V. and Crédit Agricole Corporate and Investment Bank (CACIB) on a $160 million sustainability-linked loan (SLL).