Performance Shipping has taken out a $20m revolving credit facility with Nordea to pay off $18.8m in debt backed by two sister aframax tankers.
The secured loan was acquired from Nordea in July 2019 and was secured by first-priority mortgages over 115,571-cbm Blue Moon and Briolette (both built 2011).
Proceeds from the revolving credit facility, which will mature in 2028, will also go toward general corporate purposes.
