Castor Maritime Inc. Announces $50.0 million Debt Financing and Full Redemption of the 8.75% Series E Cumulative Perpetual Convertible Preferred Shares
Castor Maritime Inc. - Common Shares (CTRM)
Company Research
Source: GlobeNewswire
LIMASSOL, Cyprus, Oct. 15, 2025 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a diversified global shipping and energy company, announces the signing of a $50.0 million sustainability-linked senior term loan facility (the “Facility”) with a European bank. The Facility will be secured by, among others, a first priority mortgage over four of the Company’s dry bulk vessels and will be guaranteed by the Company. The net proceeds from the Facility will be used for general corporate purposes. The Facility has a tenor of five years and bears interest at a rate of Term SOFR plus a margin, which may be adjusted based on the Company’s performance against certain sustainability-linked targets. Full Redemption of 8.75% Series E Cumulative Perpetual Convertible Preferred Shares The Company announces that on October 13, 2025, the Company and Toro Corp. (“Toro”) agreed to the full redemption of 60,000 shares of the 8.75% Series E Cumulative Perpetual Conv
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News
- Castor Maritime Inc. Reports Net Income of $21.0 Million for the Three Months Ended September 30, 2025 and Net Income of $4.0 Million for the Nine Months Ended September 30, 2025GlobeNewswire
- Toro Corp.: Buy On Inherent Value And Potential Near-Term Catalysts (Rating Upgrade) [Seeking Alpha]Seeking Alpha
- Castor Maritime Inc. Reports Second Quarter and Half Year Results for 2025GlobeNewswire
- Castor Maritime Inc. Announces Results of its 2025 Annual General Meeting of Shareholders [Yahoo! Finance]Yahoo! Finance
- Castor Maritime Inc. Announces Results of its 2025 Annual General Meeting of ShareholdersGlobeNewswire
CTRM
Sec Filings
- 12/3/25 - Form 6-K
- 10/15/25 - Form 6-K
- 10/1/25 - Form 6-K
- CTRM's page on the SEC website