Italy-based d'Amico International Shipping S.A., operating through its Irish-registered subsidiary d'Amico Tankers D.A.C., has secured $83m (€76.5m) in new loan facilities covering six of its owned product tankers, in a refinancing move that reduces debt margins and extends the company's financial runway.

Shipping Telegraph reported that the Milan- and OTCQX-listed shipping group entered the new facilities with margins over the three-month SOFR ranging from 130 to 150 basis points, with an average margin of 1.42%.

Carlos di Mottola, chief executive officer of d'Amico International Shipping, said: "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."

Federico Rosen, chief financial officer of d'Amico International Shipping, said the refinancing delivered concrete improvements across the company's debt structure.

"Through the drawdown of new facilities totalling US$83.0 million (€76.5m) 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 (€62.1m) to US$10.9 million (€10.1m), thereby further strengthening our financial flexibility and refinancing profile," he said.

The group's fleet currently comprises 29 double-hulled product tankers, including MR, handysize and LR1 vessels, with an average age of 9.6 years. Almost all transactions were concluded with longstanding relationship banks, which di Mottola noted have supported the company through multiple market cycles.

Read the full details of the refinancing and what it means for d'Amico's fleet strategy.