Greece's Seanergy Maritime Holdings is refinancing three vessels in deals worth $58m as it raises money to pay for its capesize purchase spree.
The Nasdaq-listed company said existing lenders had agreed a $37.45m facility to replace a $24.45m loan secured by the 170,000-dwt Squireship (built 2010) and 171,000-dwt Leadership (built 2001).
The new loan will also be secured by the currently unencumbered 179,000-dwt Lordship (built 2010).
