Castor Announces Financing Agreements
Castor Maritime Inc. - Common Shares (CTRM)
Company Research
Source: GlobeNewswire
LIMASSOL, Cyprus, Jan. 27, 2020 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today announced that it has successfully entered into two agreements: (i) a secured term loan financing agreement and (ii) a non-brokered private placement of unsecured convertible debentures. The secured term loan facility and the convertible debentures are subject to normal closing conditions. On January 23, 2020, the Company entered into a $4.5 million secured term loan facility with a financial institution, through one of its ship-owning subsidiaries (“the M/V Magic Sun Financing”). The loan is expected to be drawn down on January 31, 2020, will have a tenure of five years from the drawdown date and will bear interest at a margin plus LIBOR per annum. Further, on January 27, 2020, the Company entered into a securities purchase agreement with an institutional investor (the “Investor”),
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CTRM
Sec Filings
- 12/19/24 - Form 6-K
- 12/17/24 - Form 6-K
- 12/12/24 - Form 6-K
- CTRM's page on the SEC website