Performance Shipping Inc. Announces New Loan Facility With Piraeus Bank S.A. to Partially Finance the Acquisition of M/T P. Monterey
Performance Shipping Inc. - Common Shares (PSHG)
Company Research
Source: GlobeNewswire
ATHENS, Greece, Nov. 28, 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 entered into an agreement for a secured term loan facility of up to US$37.4 million with Piraeus Bank S.A. (the “Facility”) through two separate wholly-owned subsidiaries of the Company. Proceeds from the Facility will be used to refinance a portion of an existing term loan facility for the M/T P. Kikuma through a first advance of up to about US$7.8 million and to partially finance the M/T P. Monterey, through a second advance of up to about US$29.6 million. This Facility will carry an interest rate of SOFR plus 2.45% per annum and will be repayable in twenty (20) consecutive quarterly installments. The first four (4) installments will be equal to US$1.5 million each, the remaining sixteen (16) installments will be equal to US$1 million each, and a balloon installmen
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News
- 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
- Performance Shipping Inc. Reports Financial Results for the Fourth Quarter and Year Ended December 31, 2023 [Yahoo! Finance]Yahoo! Finance
- Performance Shipping Inc. Reports Financial Results for the Fourth Quarter and Year Ended December 31, 2023GlobeNewswire
PSHG
Sec Filings
- 3/28/24 - Form 20-F
- 3/26/24 - Form 6-K
- 3/26/24 - Form SC
- PSHG's page on the SEC website