Debt Information
Gross debt
Cash and cash equivalents
Net debt
Leverage ratio
Number of vessels
Number of debt-free vessels
| Facility | Type | Outstanding | Total capacity | Interest rate | #Vessels | Repayment profile | Maturity |
|---|---|---|---|---|---|---|---|
| HCOB | RCF | USD 0m | USD 96.7m | 295bps + SOFR | 13 | Commitment will be reduced starting in Mar 2024 – Dec 2027 | Dec. 2027 |
| CA-CIB | Pre- & Post-delivery finance | USD 58.7m | USD ~101m | 175 – 275bps + SOFR | 2 | 48x USD 1.1m + 8x USD 2.4m, 4x USD 1.4m, followed by subsequent installments (to be agreed by borrower and lender) | Q2 2031 |
| Ostfriesische Volksbank (OVB) | Term Loan | USD 4.1m | USD 8.3m | 350bps + SOFR | 1 | Quarterly installments of USD 0.37m | Feb. 2027 |
| HCOB-Ecofeeder | Term Loan | USD 47.4m | USD 50m | 280bps + SOFR | 5 | 20 x quarterly installments of USD 1.2m + USD 26m balloon | Oct. 2028 |
| BoComm | Sale & Lease back | USD 50.9m | USD 75m | 260bps + SOFR | 11 | 1x monthly installments of USD 1.9m, 12x USD 1.1m, 24x USD 0.3m + USD 26.2m balloon | Sep. 2027 |
| Deutsche Bank 1) | Pre- & Post- delivery finance | USD 11.7m | USD ~54.5m | 230bps + SOFR | 2 | 23 x semi-annual installments of 3.33% + 23.34% balloon | 2036 |
Data as of Q2 2024
1) Loan Agreement signed