Castor Maritime secures $50 million loan, redeems preferred shares
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/21/2026
- Wall Street sinks as bond yields rise, Walmart results disappoint
- Walmart shares fall despite earnings beat
- Alibaba stock dips as Q2 profit misses estimates despite strong AI cloud growth
- Wolfe remains "broadly bullish on AI semis stocks", names Top Pick
- Moderna stock pulls back after massive one-day rally: analysts weigh in
- Wall Street sinks as bond yields rise, Walmart results disappoint
- Wolfe remains "broadly bullish on AI semis stocks", names Top Pick
- SpaceX shares fall as second lockup period ends
- Supermicro probe finds no senior management link to export violations
- Werewolf Therapeutics sells platform assets to EMD Serono for $33M
Castor Maritime Inc. Announces $50.0 million Debt Financing and Full Redemption of the 8.75% Series E Cumulative Perpetual Convertible Preferred Shares
October 15, 2025 9:07 AM EDTLIMASSOL, Cyprus, Oct. 15, 2025 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (Castor or the Company), a diversified global shipping and energy company, announces the signing of a $50.0 million sustainability-linked senior term loan facility (the Facility) with a European bank. The Facility will be secured by, among others, a first priority mortgage over four of the Companys dry bulk vessels and will be guaranteed by the Company. The net proceeds from the Facility will be used for general corporate purposes.
The Facility has a tenor of five... More
