Pyxis Tankers Announces Joint Venture Agreement to Acquire Modern Dry-Bulk Vessel, Expansion of Common Share Repurchase Program & Partial Redemption of Series A Cumulative Convertible Pref...
Pyxis Tankers Inc. (PXS)
Last pyxis tankers inc. earnings: 3/20 07:00 am
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US:NASDAQ Investor Relations:
pyxistankers.com/investor-relations/default.aspx
Company Research
Source: Yahoo! Finance
shipping company, announced today key strategic and financial actions to further enhance its shareholder value. The Company has entered into an agreement with a group of sellers, including the Company's Chairman and Chief Executive Officer, Mr. Eddie Valentis, to acquire, through a joint venture, an eco-efficient Kamsarmax (82,000 dwt), dry-bulk vessel built in 2015 at Jiangsu New Yangzi Shipbuilding fitted with a ballast water treatment system (“the Vessel”). The purchase price of the Vessel, the “Konkar Venture”, is $30.0 million, which, in conjunction with Vessel working capital and transaction fees and expenses, is expected to be funded by $16.5 million of bank debt, $13.2 million of total cash and the new issuance of $1.5 million of restricted common shares of the Company. The Company, through the Vessel owning subsidiary, expects to enter into a new 5 year amortizing term loan with one of its existing lenders that will be secured by the Vessel and bears interest at SOFR plus 2
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News
- Pyxis Tankers First Quarter 2024 Earnings: EPS: US$0.35 (vs US$0.81 in 1Q 2023) [Yahoo! Finance]Yahoo! Finance
- Pyxis Tankers Announces Financial Results for the Three Months Ended March 31, 2024 [Yahoo! Finance]Yahoo! Finance
- Pyxis Tankers Announces Joint Venture Agreement to Acquire Modern Dry-Bulk Vessel, Expansion of Common Share Repurchase Program & Partial Redemption of Series A Cumulative Convertible Preferred StockGlobeNewswire
- Pyxis Tankers Announces Financial Results for the Three Months Ended March 31, 2024GlobeNewswire
- Pyxis Tankers Announces Date for the Release of the First Quarter 2024 Results and Related Conference Call & Webcast [Yahoo! Finance]Yahoo! Finance
PXS
Sec Filings
- 5/31/24 - Form 6-K
- 5/21/24 - Form 6-K
- 5/6/24 - Form EFFECT
- PXS's page on the SEC website