Okeanis Eco Tankers Corp. – New Financings Update
Summary
We believe that the basic financial terms for financing the Nissos Kea will be substantially similar to those obtained for the two other vessels described above. Any such financing, however, is not guaranteed at this stage and is subject to entry into definitive documentation.We are pleased to announce that we have declared the purchase options for our three youngest VLCC vessels from their sale and leasebacks. By capitalizing on the current favorable financing environment, we are improving our capital structure, while enhancing the Companys resilience against geopolitical and other risks and costs that our industry may be facing.The longstanding relationships built by the Alafouzos family within the Greek banking market acted as a catalyst in allowing us to swiftly source and execute the financing for the Nissos Nikouria and Nissos Anafi. Factors that could cause actual results to differ materially include, but are not limited to, the Companys operating or financial results; the Companys liquidity, including its ability to service its indebtedness; competitive factors in the market in which the Company operates; shipping industry trends, including charter rates, vessel values and factors affecting vessel supply and demand; future, pending or recent acquisitions and dispositions, business strategy, areas of possible expansion or contraction, and expected capital spending or operating expenses; risks associated with operations; broader market impacts arising from war (or threatened war) or international hostilities; risks associated with pandemics, including effects on demand for oil and other products transported by tankers and the transportation thereof; and other factors listed from time to time in the Companys filings with the SEC. Except to the extent required by law, the Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Companys expectations with respect thereto or any change in events, conditions, or circumstances on which any statement is based.