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Performance Shipping Inc. (NASDAQ:PSHG), ("we" or the "Company"), a global shipping company specializing in the ownership of tanker vessels, today announced that it has signed an agreement for the refinancing of its existing loan facility with Alpha Bank S.A. (the "Facility") through two separate wholly-owned subsidiaries of the Company. This facility refinances the full outstanding loan balance of US$29,750,000 previously secured by the M/T P. Long Beach and the M/T P. Aliki. This agreement follows the acceptance of a commitment letter from Alpha Bank, as previously announced on June 24, 2025.
The Facility bears interest at the rate of SOFR plus 1.90% per annum and will be repayable in twenty (20) consecutive quarterly installments of US$1,050,000 each, with a balloon payment of US$8,750,000 payable concurrent with the twentieth quarterly installment in mid-2030.
Posted In: PSHG
