Petredec closes $355M loan to fund LPG carrier fleet
What's the deal? PetredecDealroom has a profile for this one. Try Dealroom →, an international LPG trading and transport company, has signed a $355 million development finance institution (DFI)-backed loan. The seven-year facility closed on August 7, 2026, and covers seven of the company's segregated portfolio companies.
The details: The loan is secured by seven very large gas carriers. ING acted as sole bookrunner, coordinating bank, and account bank on the financing.
Why it stands out: At $355 million, the deal ranks in the top third of financings by size, sitting at roughly the 66th percentile among comparable rounds. That scale reflects the capital intensity of building and operating large seaborne gas carriers.
The signal: The financing lands as bank liquidity returns to the energy and shipping sectors, with DFI backing lending long-term credibility to specialised trade and transport assets. It points to continued lender appetite for the infrastructure moving liquefied petroleum gas across global markets.
Read more: txfnews.com
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