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0.0326086956521738 0.0326086956521738 0.16304347826087 0.16304347826087 0.0869565217391304 0.0869565217391304 0.0869565217391304 0.0869565217391304
Stock impact report

Pyxis Tankers Inc. Announces Refinancing of Modern Tanker

Pyxis Tankers Inc. (PXS) 
Last pyxis tankers inc. earnings: 3/20 07:00 am Check Earnings Report
Company Research Source: GlobeNewswire
Pyxis Tankers Inc. Announces Refinancing of Modern Tanker Maroussi, Greece, September 28, 2018 - Pyxis Tankers Inc. (NASDAQ Cap Mkts: PXS), (the "Company" or "Pyxis Tankers"), an emerging growth pure play product tanker company, today announced that it had successfully completed the refinancing of a previous loan facility for the Pyxis Epsilon. After repayment of existing bank debt, the new 5 year secured loan provided us approximately $7.3 million of additional net proceeds for general corporate purposes.        Valentios Valentis, our Chairman and CEO commented: "We welcome a new lender to our company. Blue Ocean Maritime funds managed by EnTrustPermal provided us $24.0 million of new debt. This loan facility offers us great flexibility through a cash sweep mechanism for principal amortization over the entire loan period. Upon closing, our overall cost of funded debt increased to a weighted average interest rate of 7.8%, while approximately 56% of outstanding funded debt i Show less Read more
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