Okeanis Eco Tankers Corp. – New Financings Update
Okeanis Eco Tankers Corp. (ECO)
Company Research
Source: GlobeNewswire
ATHENS, Greece, May 21, 2024 (GLOBE NEWSWIRE) -- Okeanis Eco Tankers Corp. (“we”, the “Company”, “OET” or “Okeanis”) (NYSE:ECO / OSE:OET) is pleased to announce the following financings update relating to its fleet. On May 20, 2024, we entered into a new $60.0 million senior secured credit facility to refinance the Company’s existing facility secured over the VLCC vessel Nissos Kythnos and for general corporate purposes (the “Nissos Kythnos New Facility”). The Nissos Kythnos New Facility is provided by Danish Ship Finance A/S and the transaction is expected to close in May 2024. It is priced at 140 basis points over the applicable Term SOFR, until December 2026. Thereafter, a new applicable margin will be mutually agreed between the parties, for the remaining duration of the facility, which matures in six years. If the parties do not agree to a new applicable margin, the Company will have the ability to prepay the facility at no additional cost. The facility will be repaid in quart
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News
- Okeanis Eco Tankers Corp. – New Financing UpdateGlobeNewswire
- Best Value Stocks to Buy for June 20th [Yahoo! Finance]Yahoo! Finance
- ‘Dark Things' Herald Golden Era for Shipping at Greek Party Week [BNN Bloomberg (Canada)]BNN Bloomberg
- Okeanis Eco Tankers Corp. – Ex dividend USD 1.10 per common share todayGlobeNewswire
- Okeanis Eco Tankers Corp. – 2024 Annual Meeting of Shareholders heldGlobeNewswire
ECO
Sec Filings
- 6/27/24 - Form 6-K
- 6/20/24 - Form 6-K
- 6/4/24 - Form 6-K
- ECO's page on the SEC website