fac-059 · Term loan

Alcyon Shipping Ltd

Facility

Term loan

Currency: AED
Commitment: AED 83.4m
Drawn: AED 69m
Undrawn: AED 14.4m
EAD: €19.1m
CCF: 50%
Margin: 485 bps
Maturity: 9 February 2033
Tenor: 82 months

Covenant monitoring

1 breached, 2 within 10% of the threshold

DSCR

Direction: MinimumThreshold: 1.19Current: 0.89Next test: 30 Jun 2026Quarterly

Net lev.

Direction: MaximumThreshold: 3.61Current: 3.3Next test: 30 Jun 2026Quarterly

ICR

Direction: MinimumThreshold: 2.55Current: 2.8Next test: 30 Jun 2026Quarterly

Collateral

Net of supervisory haircuts

Collateral

Currency

Valuation

Valuation (EUR)

Haircut

Net value

Last valued

Basis

Equipment

AED

AED 84.5m

€21.2m

46%

€11.4m

20 Aug 2024

Mark to market

Equipment

AED

AED 52.5m

€13.2m

40%

€7.9m

20 Sept 2025

Mark to market

Total

€19.2m

Tenor

82 months

Quarter

Commitment

Drawn

Undrawn

Δ Drawn

Utilisation

2026-Q1

AED 83.4m

AED 69m

AED 14.4m

n/a

83%

2026-Q2

AED 80.4m

AED 66.6m

AED 13.8m

-AED 2.5m

83%

2026-Q3

AED 77.4m

AED 64.1m

AED 13.3m

-AED 2.5m

83%

2026-Q4

AED 74.5m

AED 61.6m

AED 12.8m

-AED 2.5m

83%

2027-Q1

AED 71.5m

AED 59.2m

AED 12.3m

-AED 2.5m

83%

2027-Q2

AED 68.5m

AED 56.7m

AED 11.8m

-AED 2.5m

83%

2032-Q4

AED 3m

AED 2.5m

AED 512.6k

-AED 54.3m

83%

2033-Q1

AED 0

-AED 2.5m