Performance Shipping Inc. Announces Commitment Letter From Alpha Bank A.E.
Performance Shipping Inc. - Common Shares (PSHG)
Company Research
Source: GlobeNewswire
ATHENS, Greece, Nov. 29, 2022 (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: PSHG), (“we” or the “Company”), a global shipping company specializing in the ownership of tanker vessels, today announced that it has accepted a commitment letter whereby it intends to enter into an agreement for a new term loan facility of up to US$22,000,000.00 with Alpha Bank A.E. (the “Facility”) through a separate wholly-owned subsidiary of the Company. This Facility is subject to the completion of customary closing conditions and the execution of a final loan agreement by the Company and its lenders. Proceeds from this Facility will be used to finance up to about 50% of the purchase price of the previously announced 2013 built LR2 tanker vessel the Company has agreed to acquire, the M/T Fos Hamilton, to be renamed P. Long Beach. This Facility shall bear interest at the rate of SOFR plus 2.35% per annum. The Facility will be repayable in twenty (20) consecutive quarterly installments of US$55
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News
- Performance Shipping Inc. Signs Shipbuilding Contract for the Construction of a Newbuilding LR1 Tanker Vessel [Yahoo! Finance]Yahoo! Finance
- Performance Shipping Inc. Signs Shipbuilding Contract for the Construction of a Newbuilding LR1 Tanker VesselGlobeNewswire
- Performance Shipping Inc. Announces Filing of 2023 Annual Report on Form 20-FGlobeNewswire
- Performance Shipping Inc. Secures Five-Year Time Charter Contracts With Clearlake for Three Newbuilding Vessels at US$31,000 Per Vessel Per Day [Yahoo! Finance]Yahoo! Finance
- Performance Shipping Inc. Secures Five-Year Time Charter Contracts With Clearlake for Three Newbuilding Vessels at US$31,000 Per Vessel Per DayGlobeNewswire
PSHG
Sec Filings
- 5/8/24 - Form 6-K
- 3/28/24 - Form 20-F
- 3/26/24 - Form 6-K
- PSHG's page on the SEC website