Seanergy Maritime prices €100M bond offering on Euronext Athens

Seanergy Maritime Holdings Corp. (NASDAQ: SHIP) has priced a €100 million unsecured bond offering to investors in Greece, according to a press release from the company.

The bonds, issued at par, carry a coupon of 4.90% per annum, payable semi-annually, and mature in July 2031. Settlement is expected on July 10, 2026, with trading set to begin July 13, 2026 on the Fixed Income Securities Segment of Euronext Athens.

Seanergy said it expects to use the proceeds to finance part of the cost of newbuilding vessels and second-hand vessel acquisitions, as well as for general corporate and working capital purposes. Offering expenses are estimated at approximately €4.4 million.

Chairman and Chief Executive Officer Stamatis Tsantanis said the bonds "provide meaningful non-dilutive capital, diversifying further our capital structure, while supporting the disciplined execution of our fleet growth strategy."

Seanergy currently owns or finance leases 19 vessels, comprising two Newcastlemax and 17 Capesize ships, with an aggregate cargo carrying capacity of approximately 3,463,843 deadweight tons. Upon completion of a pending vessel sale and delivery of newbuilding vessels, the fleet is expected to grow to 24 vessels with a combined capacity of approximately 4,400,390 deadweight tons.

The bonds have not been registered under the U.S. Securities Act of 1933 and may not be offered or sold within the United States.

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