08:48 AM EST, 11/09/2026 (MT Newswires) -- Ship owner Pelagic Credit (PLGC.OL) green-lit a $30 million mezzanine loan facility for two suezmax tankers as it expands into the crude oil tanker sector. The 18-month agreement, anticipated to close in November, is expected to bring $3 million in distributable earnings from fees and interest, according to a Monday release. The funding is also backed by a customary security and corporate support package. The two vessels will be chartered by a Switzerland-based independent energy and commodities trading group for the duration of the facility, with contracted cash flows for debt service.

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