Globus Maritime Limited Announces Closing of $15 Million Revolving Facility
Globus Maritime Limited (GLBS)
US:NASDAQ Investor Relations:
globusmaritime.gr/stock_information.html
Company Research
Source: GlobeNewswire
ATHENS, Greece, Nov. 23, 2018 (GLOBE NEWSWIRE) -- Globus Maritime Limited (“Globus” or the “Company”) (NASDAQ: GLBS), a dry bulk shipping company, announced today that it has signed definitive documentation with Firment Shipping Inc. (“Firment”), an entity deemed as an affiliated party through common control. The Company has previously announced its intent to reach relative agreement. The transaction comprises a new “Revolving Credit Facility” agreement up to US$15 million. The new Revolving Credit Facility carries an interest rate of seven percent (7%) per annum. It also carries a conversion clause, at any time during the term of the loan, the Borrower and only the Borrower, shall have the right, in its sole option, to convert in whole or in part the outstanding unpaid principal amount and accrued but unpaid interest under the Agreement into Common Stock. The transaction was approved by the Company’s independent members of the board. About Globus Maritime LimitedGlobus is
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