Safe Bulkers refinances credit facilities with a new US $ 40.0 mln term loan facility

Safe Bulkers, Inc.,  an international provider of marine drybulk transportation services,  an nounced today that the Company  has  entered into a new term loan facility  refinanc ing three credit facilities ,  in the total amount of  US $ 44.9 million , related to  one  Post - Panamax  class  vessel  and  two Panamax class vessels.  The new  term loan facility with  Danish Ship Finance , of US $40.0 million, has a tenor of six and a half  years, is secured by the  same  three vessels  that the old facilities financed.