SHIP - Seanergy Maritime refinances two vessels at improved pricing terms

• Seanergy Maritime ( NASDAQ: SHIP ) has announced a $28M term loan to refinance its existing facility at reduced cost.
• The facility, secured by two 2010-built Capesize vessels, M/V Fellowship and M/V Premiership, has helped refinance an existing facility at an interest rate of 2.50% plus SOFR per annum compared to 3.50% plus LIBOR in the previous facility secured by the same vessels.
• The principal amount will amortize over a five-year term through quarterly instalments averaging ~$1.2M and a $4.1M final balloon payment at maturity.
• SHIP shares were up 2% premarket

For further details see: