Castor Announces $11.0 Million Senior Secured Debt Financing
Castor Maritime Inc. - Common Shares (CTRM)
Company Research
Source: GlobeNewswire
LIMASSOL, Cyprus, Nov. 25, 2019 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today announced the closing, through two of its ship-owning subsidiaries, of a $11.0 million secured term loan facility with Alpha Bank S.A. (“the Alpha Bank Financing”). The loan is expected to be drawn down before the end of 2019. The Company intends to use the net proceeds from the Alpha Bank Financing to retire its $7.5 million existing shareholder bridge loan and to fund its ongoing plans for growth. The Alpha Bank Financing will have a tenor of five years from the drawdown date and will bear interest at 3.50% plus LIBOR per annum. Petros Panagiotidis, Chief Executive Officer and Chief Financial Officer of Castor commented: “We are pleased to have concluded our first secured term loan financing with Alpha Bank, a first class bank, at competitive terms. We welcome this new bank
Show less
Read more
Impact Snapshot
Event Time:
CTRM
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
CTRM alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
CTRM alerts
High impacting Castor Maritime Inc. - Common Shares news events
Weekly update
A roundup of the hottest topics
CTRM
News
- Castor Maritime Inc. Reports Net Income of $22.3 Million for the Three Months Ended March 31, 2024 [Yahoo! Finance]Yahoo! Finance
- Castor Maritime Inc. Extends Tender Offer to Purchase its Outstanding Common Share Purchase Warrants Issued on April 7, 2021GlobeNewswire
- Castor Maritime Inc. Reports Net Income of $22.3 Million for the Three Months Ended March 31, 2024GlobeNewswire
- Castor Maritime Inc. Announces Tender Offer to Purchase its Outstanding Common Share Purchase Warrants Issued on April 7, 2021GlobeNewswire
- Castor Maritime Inc. Announces the Completion of the Sale of the M/V Magic Nebula [Yahoo! Finance]Yahoo! Finance
CTRM
Sec Filings
- 5/16/24 - Form 6-K
- 5/16/24 - Form 6-K
- 5/16/24 - Form SC
- CTRM's page on the SEC website