Italian product tanker operator d’Amico International Shipping S.A. sealed a deal through its operating subsidiary d’Amico Tankers D.A.C. (Ireland) for new loan facilities relating to six of its owned vessels.

The Milan- and OTCQX- listed company said d’Amico Tankers entered into new facilities for a total amount of $83m, with margins over the three-month SOFR ranging from 130bps (for the most recently signed facility) to 150bps, and an average margin of 1.42%.

Currently, DIS’ fleet comprises of 29 double-hulled product tankers (MR, handysize and LR1, of which 27 owned, and 2 bareboat chartered-in) with an average age of about 9.6 years. 

Carlos di Mottola, chief executive officer of d’Amico International Shipping, stated: “I am pleased to announce that, thanks to the strength of our financial structure, the improvement in our credit profile and the strong market outlook, DIS has been able to refinance part of its existing debt, entering into new loan agreements at very attractive margins over SOFR.

“I am particularly pleased that almost all these transactions were concluded with our longstanding relationship banks, which have supported the company through several market cycles over many years. I would like to thank all our banking partners and financiers who have stood by us through both challenging and favorable times and who have played a key role in the success we are achieving today.”

Federico Rosen, chief financial officer of d’Amico International Shipping, added: “I am pleased to announce that DIS has been able to refinance a substantial portion of its debt on very attractive terms, reflecting the financial strength achieved by our company.

“Through the drawdown of new facilities totalling US$83.0 million at a historically low margin over SOFR, DIS has reduced its weighted average margin to 1.62% as at the beginning of March 2026, increased the average remaining debt maturity from 3.3 years to 4.9 years over the same period, and reduced total bank debt maturing in 2027 from US$67.3 million to US$10.9 million, thereby further strengthening our financial flexibility and refinancing profile.

“These transactions also consolidate our longstanding relationships with our core banking partners, whom I would like to thank for their continued support over many years and business cycles.”