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0.0782608695652173 0.0695652173913042 0.104260869565217 0.0869565217391303 -0.0347826086956522 -0.0434782608695653 -0.0608695652173913 -0.0521739130434783
Stock impact report

Top Ships Inc. Announces New Pre-Delivery Facility and Improvement on Terms of Existing Pre-Delivery Facility

TOP Ships Inc. (TOPS) 
US:NASDAQ Investor Relations: topships.org/investors-relations
Company Research Source: GlobeNewswire
ATHENS, Greece, June 20, 2018 (GLOBE NEWSWIRE) -- TOP Ships Inc. (the “Company”), an international owner and operator of modern, fuel efficient "ECO" tanker vessels currently focusing on the transportation of petroleum products, announced today that it has entered into a senior debt facility, with a European bank, of $10.1 million to finance in full the remaining five pre-delivery instalments of M/T Eco California currently under construction in Hyundai Mipo, South Korea.   Furthermore the Company negotiated a reduction in the margin and commitment fee of the existing facility, with the same bank, for the financing of the predelivery installments of M/T Eco Palm Desert. The latest facility secures funding for about 34% of the remaining capital expenditure of 2018 (from June 1, 2018) relating to pre-delivery installments. 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. For Show less Read more
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