Performance Shipping Inc. Secures New Refinancing Agreement with Alpha Bank S.A

Reuters

07-24

<a href="https://laohu8.com/S/PSHG">Performance Shipping Inc.</a> Secures New Refinancing Agreement with Alpha Bank S.A

Performance Shipping Inc. has announced the signing of a refinancing agreement with Alpha Bank S.A. to restructure its existing loan facility. The agreement involves two wholly-owned subsidiaries of the company and refinances the full outstanding loan balance of $29,750,000, previously secured by the M/T P. Long Beach and the M/T P. Aliki. The new facility carries an interest rate of SOFR plus 1.90% per annum and is structured to be repayable in 20 consecutive quarterly installments of $1,050,000 each. A balloon payment of $8,750,000 is scheduled alongside the final installment in mid-2030. This refinancing follows the acceptance of a commitment letter from Alpha Bank on June 24, 2025.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Performance Shipping Inc. published the original content used to generate this news brief on July 24, 2025, and is solely responsible for the information contained therein.

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