Performance Shipping Inc. Announces Successful Placement of $100 Million Bond Offering
Performance Shipping Inc. - Common Shares (PSHG)
Company Research
Source: GlobeNewswire
ATHENS, Greece, July 02, 2025 (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: PSHG) (“Performance Shipping” or the “Company”) announced today that it has successfully placed USD 100 million of bonds in the Nordic bond market. An application will be made for the bonds to be listed on the Oslo Stock Exchange. The new bonds are due to mature in July 2029 and will pay a fixed coupon of 9.875% per annum, payable semi-annually in arrears and were priced at 97% of par. The bonds are secured in part by first priority mortgages over the Company’s two oldest tanker vessels, which are presently unencumbered. The offering is expected to close on July 17, 2025, subject to customary closing conditions. The net proceeds from the bond issue shall be used for tanker acquisitions or bond repurchases. The bonds as described in this press release will be offered in the United States or its territories only to persons reasonably believed to be qualified institutional buyers in reliance on Rule
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News
- Performance Shipping Inc. Announces Delivery of the Second of Two 2019-Built Suezmax Tankers, M/T P. Beverly HillsGlobeNewswire
- Performance Shipping (NASDAQ:PSHG) had its "hold (c)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Performance Shipping Inc. Announces Delivery of the First of Two 2019-Built Suezmax Tankers, M/T P. Bel Air [Yahoo! Finance]Yahoo! Finance
- Performance Shipping Inc. Announces Delivery of the First of Two 2019-Built Suezmax Tankers, M/T P. Bel AirGlobeNewswire
- Performance Shipping (NASDAQ:PSHG) had its "hold (c)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
PSHG
Sec Filings
- 12/22/25 - Form 6-K
- 12/17/25 - Form 6-K
- 12/5/25 - Form 6-K
- PSHG's page on the SEC website