Debt Information
Gross debt
Cash and cash equivalents
Net debt
Leverage ratio
Number of vessels
Debt-free vessels
| Facility | Type | Outstanding | Total capacity | Interest rate | #Vessels | Repayment profile | Maturity |
|---|---|---|---|---|---|---|---|
| HCOB | RCF | USD 0m | USD 99m | 295bps + SOFR | 13 | Commitment will be reduced starting in Mar 2024 – Dec 2027 | Dec. 2027 |
| CA-CIB | Pre- & Post-delivery finance | USD 15.9m | USD ~100m | 150 – 250bps + SOFR | 2 | 48x USD 1.1m + 8x USD 2.4m, 4x USD 1.4m, followed by subsequent instalments (to be agreed by borrower and lender) | Q2 2031 |
| Ostfriesische Volksbank (OVB) | Term Loan | USD 4.4m | USD 8.3m | 350bps + SOFR | 1 | May 31, 2023 & Aug 31, 2023: quarterly installments of USD 1.4m Nov 30, 2023: quarterly installments of USD 0.69m Feb 29, 2024ff.: quarterly installments of USD 0.37m | Feb. 2027 |
| HCOB-Ecofeeder | Term Loan | USD 48.3m | USD 50m | 300bps + SOFR | 5 | 20 x quarterly installments of USD 1.2m + USD 26m balloon | Oct. 2028 |
| BoComm | Sale & Lease back | USD 61.0m | USD 75m | 260bps + SOFR | 12 | 12x monthly installments of USD 2.1m, 12x USD 1.2m, 24x USD 0.3m + USD 28.1m balloon | Sep. 2027 |
| Deutsche Bank 1) | Pre- & Post- delivery finance | USD 0m | USD ~54.5m | <250bps + SOFR | 2 | 23 x semi-annual installments of 3.33% + 23.34% balloon | 2036 |
Data as of Q1 2024
1) Loan Agreement signed