Seanergy Maritime Holdings expects to boost yearly cash flow by nearly $5m by making early cash payments on some of its debt.
The Stamatis Tsantanis-led owner of 12 capesize bulkers will pay off $21.6m remaining on a secured loan with Entrust Capital that is due to mature in June 2023.
The 2018 credit facility, which has a 10% coupon rate, is backed by the 179,701-dwt Lordship (built 2010).
