Euronav NV | CIK:0001604481 | 3

  • Filed: 4/17/2018
  • Entity registrant name: Euronav NV (CIK: 0001604481)
  • Generator: Workiva (WebFilings)
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1604481/000160448118000007/0001604481-18-000007-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1604481/000160448118000007/eurn-20171231.xml
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  • EDGAR Dashboard: https://edgardashboard.xbrlcloud.com/edgar-dashboard/?cik=0001604481
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    • ifrs-full:DisclosureOfDetailedInformationAboutBorrowingsExplanatory

    The terms and conditions of outstanding loans were as follows:
    (in thousands of USD)
     
     
     
     
     
     
     
    December 31, 2017
     
    December 31, 2016
     
     
    Curr
     
    Nominal interest rate
     
    Year of mat.
     
    Facility size
     
    Drawn
     
    Carrying value
     
    Facility size
     
    Drawn
     
    Carrying value
    Secured vessels loan 192M
     
    USD
     
    libor +2.25%
     
    2021
     
    111,666

     
    111,666

     
    110,156

     
    143,571

     
    143,571

     
    141,501

    Secured vessels Revolving loan 148M*
     
    USD
     
    libor +2.25%
     
    2021
     
    147,559

     
    —

     
    —

     
    147,559

     
    63,700

     
    63,700

    Secured vessels Revolving loan 750M*
     
    USD
     
    libor +1.95%
     
    2022
     
    485,017

     
    330,000

     
    325,519

     
    636,536

     
    612,050

     
    605,806

    Secured vessels Revolving loan 409.5M*
     
    USD
     
    libor +2.25%
     
    2023
     
    362,780

     
    118,000

     
    114,634

     
    409,500

     
    222,036

     
    217,600

    Secured vessels loan 76M
     
    USD
     
    libor +1.95%
     
    2020
     
    23,563

     
    23,563

     
    23,563

     
    27,813

     
    27,813

     
    27,813

    Secured vessels loan 67.5M
     
    USD
     
    libor +1.5%
     
    2020
     
    25,173

     
    25,173

     
    25,173

     
    29,143

     
    29,143

     
    29,143

    Secured vessels loan 27.1M
     
    USD
     
    libor +1.95%
     
    2029
     
    26,911

     
    26,911

     
    24,876

     
    —

     
    —

     
    —

    Secured vessels loan 81.4M
     
    USD
     
    libor +1.50%
     
    2029
     
    78,020

     
    78,020

     
    77,171

     
    —

     
    —

     
    —

    Unsecured bank facility 60M
     
    USD
     
    libor +2.25%
     
    2020
     
    60,000

     
    —

     
    —

     
    60,000

     
    —

     
    —

    Total interest-bearing bank loans
     
     
     
    1,320,688

     
    713,332

     
    701,091

     
    1,454,121

     
    1,098,312

     
    1,085,562

    The facility size of the vessel loans can be reduced if the value of the collateralized vessels falls under a certain percentage of the outstanding amount under that loan.
    * The total amount available under the revolving loan Facilities depends on the total value of the fleet of tankers securing the facility.
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
    (in thousands of USD)
     
     
     

     

     
    December 31, 2017
     
    December 31, 2016

     
    Curr
     
    Nominal interest rate
     
    Year of mat.
     
    Facility size
     
    Drawn
     
    Carrying value
     
    Facility size
     
    Drawn
     
    Carrying value
    Unsecured notes
     
    USD
     
    7.50%
     
    2022
     
    150,000

     
    150,000

     
    147,619

     
    —

     
    —

     
    —

    Total other notes
     

     
    150,000

     
    150,000

     
    147,619

     
    —

     
    —

     
    —