Performance Shipping Inc. Announces New Refinancing Agreement with Alpha Bank S.A. for Debt Repayment

Reuters

07-30

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

Performance Shipping Inc., a global shipping company specializing in tanker vessels, has announced the signing of a refinancing agreement with Alpha Bank S.A. The new facility refinances the company's existing loan balance of $29.75 million, previously secured by the M/T P. Long Beach and the M/T P. Aliki. Under the terms of the agreement, the facility will bear interest at SOFR plus 1.90% per annum and will be repaid in twenty consecutive quarterly installments of $1.05 million each. A balloon payment of $8.75 million is scheduled to coincide with the final installment in mid-2030.

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 via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001140361-25-027926), on July 30, 2025, and is solely responsible for the information contained therein.

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