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0 0 0 0.0347826086956522 -0.00717391304347827 -0.0866666666666668 -0.159420289855072 -0.211304347826087
Stock impact report

TOP Ships Inc. Agrees Promissory Note

TOP Ships Inc. (TOPS) 
US:NASDAQ Investor Relations: topships.org/investors-relations
Company Research Source: GlobeNewswire
ATHENS, Greece, May 15, 2017 (GLOBE NEWSWIRE) -- TOP Ships Inc. (Nasdaq:TOPS) (“Top Ships” or the “Company”), an international owner and operator of modern, fuel efficient “ECO” MR tanker vessels focusing on the transportation of petroleum products, announced today that it has agreed to enter into a Note Purchase Agreement (the "Purchase Agreement") with Xanthe Holdings Ltd. ("Xanthe"), an unaffiliated party, pursuant to which the Company will issue an unsecured promissory note in the original principal amount of $5,000,000 (the "Promissory Note") to Xanthe. Proceeds from the note will be used by the Company for general corporate purposes including further asset acquisitions.  The transaction is subject to customary closing conditions. About TOP Ships Inc. TOP Ships Inc. is an international ship-owning company.  For more information about TOP Ships Inc., visit its website: www.topships.org.  The information contained on the Company’s website does not constitute a part of this pre Show less Read more
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