Performance Shipping Inc. Announces Successful Placement of USD 50 Million Tap Issue
Performance Shipping Inc. - Common Shares (PSHG)
Company Research
Source: GlobeNewswire
ATHENS, Greece, Jan. 13, 2026 (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: PSHG) (“we” or the “Company”), a global shipping company specializing in the ownership of tanker vessels, announced that it has successfully placed a USD 50 million tap issue in its outstanding senior secured bond due July 17, 2029, with ISIN: NO0013607028 (the "Bonds"), paying a fixed coupon of 9.875% per annum, payable semi-annually in arrears. Following the tap issue, the total outstanding amount under the Bonds is USD 150 million. The tap issue was priced at 103.00% of par value and was initiated by a reverse inquiry. The tap issue is expected to close on January 26, 2026, subject to customary closing conditions. Net proceeds from the tap issue will be used for general corporate purposes according to the terms of the Bonds. 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
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News
- Performance Shipping Inc. Announces Naming and Delivery of M/T P. Marseille, the Third Vessel in Its Newbuilding ProgramGlobeNewswire
- 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
PSHG
Sec Filings
- 1/14/26 - Form 6-K
- 1/13/26 - Form 6-K
- 12/22/25 - Form 6-K
- PSHG's page on the SEC website