Seanergy Maritime eyes five-year sustainability-linked loan

By Rebecca Melvin

Concord, N.H., Oct. 26 – Seanergy Maritime Holdings Corp. has obtained a commitment letter for a five-year sustainability-linked, amortizing loan facility for $16.85 million, according to a company release.

The facility will bear interest at Libor plus 305 basis points. The rate can be improved based on certain emission reduction thresholds. The facility has a balloon payment of $6.1 million at maturity.

Proceeds will be used to finance part of the acquisition cost of the M/V Worldship.

Final approval is subject to definitive documentation expected to be completed in November.

The company also announced that it became a signatory to the call to action for shipping decarbonization.

The shipowner is incorporated in the Marshall Islands with executive offices in Greece.

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