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RSS FeedsEuroDry Ltd. Reports Refinancing of Certain of its Debt
(WorldNews Greece)

 
 

16 october 2018 01:42:30

 
EuroDry Ltd. Reports Refinancing of Certain of its Debt
(WorldNews Greece)
 


EuroDry Ltd. Reports Refinancing of Certain of its Debt Maroussi, Athens, Greece - October 15, 2018- EuroDry Ltd. (NASDAQ: EDRY, "Company"), an owner and operator of drybulk vessels and provider of seaborne transportation for drybulk cargoes, announced today that it has completed the refinancing of the debt of M/V Alexandros P, a 62,000 dwt ultramax drybulk vessel built in 2017. The new loan facility of $15 million was used to repay the previous loan facility with an outstanding balance of $9.9 million and provide additional liquidity to the Company. The new loan will have a maturity of seven years and will be repaid in twenty-eight equal quarterly instalments and a balloon payment...


 
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