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Okeanis Eco Tankers Corp. – New Financings Update in Hellenic Shipping News 04/05/2026 Okeanis Eco Tankers Corp., announced that it has entered into three new loan facility agreements. We entered into a $90.0 million facility agreement to finance a portion of the acquisition price of our two recently acquired newbuilding contracts relating to two new Suezmax vessels, each under construction at Daehan Shipbuilding Co., Ltd., to be named Nissos Tigani and Nissos Vous, with expected deliveries from the shipyard in May 2026 and July 2026, respectively (the “Nissos Tigani and Nissos Vous Facility”). The Nissos Tigani and Nissos Vous Facility is provided by a syndicate of banks, led and arranged by E.SUN Commercial Bank, Ltd. It contains an interest rate of Term SOFR plus 120 basis points, matures in eight years, and will be repaid in quarterly installments of $1.07 million, together with aggregate balloon installments of $55.76 million at maturity, related to both vessels. It will be secured by, among other things, mortgages over the Nissos Tigani and the Nissos Vous, and it will be guaranteed by the Company. The transaction is expected to close in May 2026 and July 2026, respectively, for each of the two vessels. We entered into a $50.0 million facility agreement to finance the previously announced declaration of our option to purchase back the Nissos Rhenia from its current sale and leaseback financier (the “Nissos Rhenia Facility”). The Nissos Rhenia Facility is provided by a prominent Greek bank. It contains an interest rate of Term SOFR plus 125 basis points, matures in seven years, and will be repaid in quarterly installments of $0.825 million, together with a balloon installment of $26.9 million at maturity. It will be secured by, among other things, a mortgage over the Nissos Rhenia, and it will be guaranteed by the Company. The transaction is expected to close in May 2026. We entered into a $50.0 million facility agreement to finance the previously announced declaration of our option to purchase back the Nissos Despotiko from its current sale and leaseback financier (the “Nissos Despotiko Facility”). The Nissos Despotiko Facility is provided by another prominent Greek bank. It contains an interest rate of Term SOFR plus 130 basis points, matures in nine years, and will be repaid in quarterly installments of $0.825 million, together with a balloon installment of $20.3 million at maturity. It will be secured by, among other things, a mortgage over the Nissos Despotiko, and it will be guaranteed by the Company. The transaction is expected to close in June 2026. All facility agreements contain standard representations, warranties and covenants, including financial covenants, and are subject to standard conditions precedent, such as the delivery of the relevant vessel. Iraklis Sbarounis, CFO of the Company, commented: “We are pleased to announce our most recent bank financing transactions. First, these transactions complete the funding of the acquisition of our two resale newbuilding Suezmaxes, following our successful equity raise in January. Similar to the structure we executed for the Nissos Piperi and Nissos Serifopoula, we structured the acquisitions of the Nissos Tigani and Nissos Vous in a way that we believe preserves our dividend capacity, funded by fresh accretive equity capital and competitive bank debt. This transaction has been our third with Taiwanese banks in the last two years. We are pleased with the progress and relatio
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news Hellenic Shipping News ·2026-05-04

Okeanis Eco Tankers Corp. – New Financings Update

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