Performance Shipping has taken out another loan to back its fleet growth.
The Athens-based, New York-listed tanker owner said on Tuesday that it had a commitment letter from Alpha Bank backing a term loan facility of up to $22m, which it intends to use to finance half the purchase price of the 105,500-dwt LR2 Fos Hamilton (built 2013).
“This commitment letter is indicative of the continued confidence in our company demonstrated by our new lender with another long-term loan facility at attractive terms,” chief executive Andreas Michalopoulos said.
