USEA - United Maritime acquires three dry bulk vessel inks bareboat charter agreement

• United Maritime ( NASDAQ: USEA ) entered into agreements with two unaffiliated third parties to purchase two high quality Kamsarmax dry bulk vessels, with prompt deliveries.
• The first vessel is expected to be delivered to United by the end of April 2023 and second vessel is expected to be delivered to United by mid-April 2023.
• The company expects to fund the combined purchase price of $39.2M through a combination of cash on hand and proceeds from new credit facilities.
• It has also entered into a bareboat charter agreement for one Japanese-built modern Panamax dry bulk vessel with an unaffiliated third party in Japan.
• The bareboat charter agreement includes a purchase option for United with an unaffiliated third party for Japanese Panamax dry-bulk vessel.

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