Euroseas Ltd. Announces Closing of the Refinancing of Two of its Vessels and Redemption of the Majority of its Preferred Shares
Euroseas Ltd. (ESEA)
Last euroseas ltd. earnings: 2/19 09:05 am
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euroseas.gr
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Source: GlobeNewswire
MAROUSSI, ATHENS, Greece, June 11, 2019 (GLOBE NEWSWIRE) -- Euroseas Ltd. (NASDAQ: ESEA, the “Company” or “Euroseas”), an owner and operator of container carrier vessels and provider of seaborne transportation for containerized cargoes, today announced that it has closed the previously announced refinancing of two of its vessels with simultaneous interest rate reduction of 0.5% for all other existing loans and the redemption of approximately $11.7 million of value, or about 59.4%, of its outstanding Series B Preferred Shares with simultaneous reduction of 4% of the dividend rate for the $8 million value of preferred shares remaining outstanding until January 2021. The closing of the above transactions reduced Euroseas’ overall leverage of combined debt and preferred equity and reduced its interest and preferred dividend expenses by approximately $1.4 million per year. Aristides Pittas, Chairman and CEO of Euroseas commented: “We are very pleased to proceed as per our plan in closi
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ESEA
News
- Investing in Euroseas (NASDAQ:ESEA) five years ago would have delivered you a 576% gain [Yahoo! Finance]Yahoo! Finance
- Euroseas Ltd. Announces A Time Charter Contract for its Feeder Containership, M/V EM Hydra, and An Agreement To Sell its 2004-built 2,788 teu Feeder Containership, EM AstoriaGlobeNewswire
- Euroseas Ltd. Announces One-Year Time Charter Contract and Completion of Retrofits for its Intermediate Containership, M/V Synergy AntwerpGlobeNewswire
- Euroseas Ltd. Announces Completion of Retrofits of its Intermediate Containership, M/V Marcos V, Reducing the Vessel’s Carbon FootprintGlobeNewswire
- Euroseas (NASDAQ:ESEA) Is Paying Out A Larger Dividend Than Last Year [Yahoo! Finance]Yahoo! Finance
ESEA
Earnings
- 2/21/24 - Miss
ESEA
Sec Filings
- 4/30/24 - Form 20-F
- 4/18/24 - Form 6-K
- 4/2/24 - Form 6-K
- ESEA's page on the SEC website