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Overseas Shipholding Group, Inc. Announces Financing for Newbuild Jones Act Barge

Mar 30, 2020 - Business Wire

Overseas Shipholding Group, Inc. (NYSE: OSG) announces that it has closed on a $33,150,000 loan led by Wintrust Commercial Finance (WCF), a division of Wintrust Asset Finance Inc. for a term of 5 years. OSG's subsidiary, OSG 204 LLC, obtained the loan to finance one new 204,000 barrel U.S. Flag oil and chemical ATB barge, which is being built by the Greenbriar Marine shipyard and is set to be delivered in the second quarter of 2020. As part of the financing, WCF and the other syndicate lenders r...