Okeanis Eco Tankers Corp. – New Financings Update
Okeanis Eco Tankers Corp. (ECO)
Company Research
Source: GlobeNewswire
ATHENS, Greece, Feb. 01, 2024 (GLOBE NEWSWIRE) -- Okeanis Eco Tankers Corp. (“we”, the “Company”, “OET” or “Okeanis”) (NYSE:ECO / OSE:OET) is pleased to announce the following financings update relating to its fleet. On January 31, 2024, we executed an agreement for a new $34.7 million senior secured credit facility to finance the option to purchase back the Suezmax vessel Milos from its current sale and lease back financier (the “Milos Facility”). The Milos Facility is provided by a syndicate led by Kexim Asia Limited and the transaction is expected to close in February. It is priced at 175 bps over the applicable Term SOFR, matures in six years, will be repaid in quarterly instalments of $0.725 million each, together with a balloon instalment of $17.3 million payable at maturity, will be secured by, among other things, security over the Milos and is guaranteed by the Company. On January 26 and 29, 2024, we executed amendments to the existing sale and leaseback agreements on the
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News
- Okeanis Eco Tankers Corp. – Invitation to Q1 2024 Results Conference Call and WebcastGlobeNewswire
- Meet The Greek Shipping Billionaires Getting Rich Off Russian Oil [Forbes]Forbes
- Okeanis Eco Tankers Corp. – Announcement of 2024 Annual Meeting of ShareholdersGlobeNewswire
- Okeanis Eco Tankers Corp. – Announcement of Availability of 2023 Annual Report on Form 20-FGlobeNewswire
- Okeanis Eco Tankers Corp. (NYSE: ECO) is now covered by analysts at B. Riley. They set a "buy" rating and a $38.00 price target on the stock.MarketBeat
ECO
Sec Filings
- 5/13/24 - Form 6-K
- 5/2/24 - Form 6-K
- 4/30/24 - Form 20-F
- ECO's page on the SEC website