Okeanis Eco Tankers Secures $150M in New Financings
Ticker: ECO · Form: 6-K · Filed: Jun 20, 2024 · CIK: 1964954
| Field | Detail |
|---|---|
| Company | Okeanis Eco Tankers CORP. (ECO) |
| Form Type | 6-K |
| Filed Date | Jun 20, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 1 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: financing, debt, refinancing
TL;DR
OET just locked in $150M in new debt facilities to refinance existing loans and for general corporate needs.
AI Summary
Okeanis Eco Tankers Corp. announced on June 20, 2024, that it has secured new financings. The company entered into a new $100 million senior secured term loan facility and a new $50 million senior secured revolving credit facility. These new facilities will be used to refinance existing debt and for general corporate purposes.
Why It Matters
This refinancing provides Okeanis Eco Tankers with improved liquidity and financial flexibility, potentially strengthening its operational capacity and future growth prospects.
Risk Assessment
Risk Level: low — The filing is a routine update on financing activities and does not indicate any significant negative developments.
Key Numbers
- $150M — New Financings (Total amount from new term loan and revolving credit facilities.)
- $100M — Senior Secured Term Loan Facility (Part of the new financing package.)
- $50M — Senior Secured Revolving Credit Facility (Part of the new financing package.)
Key Players & Entities
- Okeanis Eco Tankers Corp. (company) — Registrant
- June 20, 2024 (date) — Date of press release
- $100 million (dollar_amount) — Senior secured term loan facility
- $50 million (dollar_amount) — Senior secured revolving credit facility
FAQ
What is the total amount of new financing secured by Okeanis Eco Tankers Corp.?
Okeanis Eco Tankers Corp. secured a total of $150 million in new financings, comprising a $100 million senior secured term loan facility and a $50 million senior secured revolving credit facility.
What is the purpose of the new financing facilities?
The new facilities will be used to refinance existing debt and for general corporate purposes.
On what date was the press release regarding these financings issued?
The press release was issued on June 20, 2024.
What is the company's principal executive office address?
The company's principal executive office is located at c/o OET Chartering Inc., Ethnarchou Makariou Ave., & 2 D. Falireos St., 185 47 N. Faliro, Greece.
What form is this filing?
This filing is a Form 6-K, Report of Foreign Private Issuer.
Filing Stats: 189 words · 1 min read · ~1 pages · Grade level 9.2 · Accepted 2024-06-20 16:16:07
Filing Documents
- tm2417648d1_6k.htm (6-K) — 9KB
- tm2417648d1_ex99-1.htm (EX-99.1) — 12KB
- 0001104659-24-073398.txt ( ) — 23KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Okeanis Eco Tankers Corp. By: /s/ Iraklis Sbarounis Name: Iraklis Sbarounis Title: Chief Financial Officer Date: June 20, 2024