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Top Ships Inc. Completes Successful Tanker Fleet Refinancing, Raises $27.2M in Proceeds
ByAinvest
Monday, Nov 17, 2025 9:27 am ET1min read
Top Ships Inc. has successfully closed the sale and leaseback financing agreements for four of its tankers, raising $27.2 million in gross proceeds. The company will bareboat charter the vessels for 10 years and has the option to buy them back after one year. The financing agreements bear an interest rate of 3-month term SOFR plus a margin of 1.95% per annum.
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