Top Ships Inc. Announces Successful Completion of its Tanker Fleet Refinancing
TOP Ships, Inc. (TOPS)
US:NASDAQ Investor Relations:
topships.org/investors-relations
Company Research
Source: GlobeNewswire
ATHENS, Greece, Nov. 17, 2025 (GLOBE NEWSWIRE) -- Top Ships Inc. (the “Company” or “TOPS”) (NYSE:TOPS), an international owner and operator of modern, fuel efficient “ECO” tanker vessels, announced today that it has closed the previously announced sale and leaseback financing agreements (the “SLBs” or “Financing Agreements”) with a major Chinese financier for the refinancing of its two 300,000 dwt VLCC tankers, the M/Ts Julius Caesar and Legio X Equestris, its 157,000 dwt Suezmax tanker, the M/T Eco Oceano and its 50,000 dwt MR Product Tanker, the M/T Eco Marina Del Ray. The gross proceeds before fees and related expenses but after repayment of previous debt amounted to about $27.2 million. Evangelos J. Pistiolis, the President, Chief Executive Officer and Director of the Company, said: “The amount of cash released from the concluded deals approximates our current market capitalization. Taking into account the new debt levels of our fleet following the refinancings, the leverage
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- TOP Ships Announces Letter of Intent for Acquisition of Real Estate Assets in Dubai [Yahoo! Finance]Yahoo! Finance
- TOP Ships Announces Letter of Intent for Acquisition of Real Estate Assets in DubaiGlobeNewswire
- Top Ships Inc. announces extension of Time Charter for its MR Tanker [Yahoo! Finance]Yahoo! Finance
- Top Ships Inc. announces extension of Time Charter for its MR TankerGlobeNewswire
TOPS
Sec Filings
- 11/28/25 - Form 6-K
- 11/20/25 - Form 6-K
- 11/17/25 - Form 6-K
- TOPS's page on the SEC website