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Castor Maritime Secures $50M Sustainability-Linked Loan for General Corporate Purposes
ByAinvest
Wednesday, Oct 15, 2025 9:21 am ET1min read
Castor Maritime secured a $50M sustainability-linked term loan with a European bank, secured by four dry bulk vessels. The loan bears interest at Term SOFR + margin, adjustable based on Castor's performance on sustainability targets. Proceeds will be used for general corporate purposes. Castor also completed the full redemption of 60,000 Series E Preferred shares held by Toro Corp.
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