Seanergy Maritime Holdings Corp. Announces Full Prepayment of a Senior Credit Facility and Reduction of Junior Facilities Resulting in Significant Cashflow Benefit
The outstanding balance of the Facility is $21.6 million and is scheduled to be repaid with immediate effect.
- The outstanding balance of the Facility is $21.6 million and is scheduled to be repaid with immediate effect.
- In addition, a significant portion of the Companys junior / unsecured facilities has also been prepaid since the beginning of 2021 pursuant to the mandatory prepayment terms of those facilities, resulting in further reduction in the interest expense.
- Assuming no immediate refinancing, the expected cash-flow benefit for Seanergy will be approximately $4.9 million per year.
- About Seanergy Maritime Holdings Corp.
Seanergy Maritime Holdings Corp. is the only pure-play Capesize ship-owner publicly listed in the US.