2023-04-03 09:25:00 ET
- Imperial Petroleum ( NASDAQ: IMPP ) announced that it recently repaid early and in full the $23.2M outstanding loan with DNB ASA Bank.
- The loan was secured with first priority mortgages against the product tankers Magic Wand, Clean Sanctuary and Clean Thrasher and against its Aframax tanker the Stealth Berana.
- Post the loan repayment, Imperial Petroleum's total debt is in the region of $45M; currently, it owns and operates a fleet of 12 vessels, eight of which are unencumbered.
- Shares trading 14.3% higher premarket.
For further details see:
Imperial Petroleum fully repays $23.2M outstanding loan with DNB ASA Bank