(1) Under the USD 53.4 million facility, part of the loan (USD 25.6 million) is fixed for a 6-year term to average interest rate of 7.58%.
Under the NOK 345.7 million facility, part of the loan (equivalent to USD 19.9 million) is fixed for an approximately 8-year term to average interest rate of 5.36%.
Under the NOK 204 million facility a majority of the loan is fixed for a 4-year term to an average interest of 4.18%.
The Company has a portfolio of bank loans secured with mortgage in vessels. The creditor and guarantors are in general first class commercial banks
and state owned financial institutions with ratings on or above BBB- and AAA.
As of year end, the Company had issued two high yield unsecured bonds of NOK 600 million and NOK 700 million respectively.
The high yield unsecured bonds are listed on Oslo Stock Exchange, have no amortization and matures in 2018 and 2019.