Pyxis Tankers Inc. announced the successful refinancing and amendment of several existing secured loan agreements with Alpha Bank S.A. and Piraeus Bank S.A. On December 17, 2025, the company closed the refinancing of loans for the vessels Pyxis Lamda and Pyxis Theta with Alpha Bank, totaling $18.6 million and $14.75 million, respectively. Both agreements now carry a reduced interest rate of Term SOFR plus 1.90% and mature in five years, with quarterly principal repayments. The refinancing generated an additional $9.9 million in net proceeds, intended for fleet expansion. Additionally, on January 26, 2026, Pyxis Tankers completed amendments to loan agreements with Piraeus Bank for the vessels Pyxis Karteria, Konkar Ormi, and Konkar Venture, covering $42.1 million in total principal. The maturity of each loan was extended by six months and the interest rate reduced to Term SOFR plus 1.80%, providing a weighted average margin savings of 58 basis points. All other terms of these agreements remain unchanged.

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