Performance Shipping Inc., a global shipping company specializing in tanker vessels, has announced the signing of a refinancing agreement with Alpha Bank S.A. The new facility refinances the company's existing loan balance of $29.75 million, previously secured by the M/T P. Long Beach and the M/T P. Aliki. Under the terms of the agreement, the facility will bear interest at SOFR plus 1.90% per annum and will be repaid in twenty consecutive quarterly installments of $1.05 million each. A balloon payment of $8.75 million is scheduled to coincide with the final installment in mid-2030.
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