Performance Shipping Inc. announced on June 4, 2025, that it will arrange a series of fixed income investor calls commencing on June 6, 2025. These meetings are being held through its Norwegian investment banks.
The company indicated that a five-year USD denominated senior unsecured bond issue may follow these meetings, subject to market conditions. The net proceeds from this contemplated bond issue are intended to be applied towards fleet expansion and renewal, as well as for general corporate purposes.
The potential bonds, if issued, will be offered in the United States only to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A, and sold outside the United States only to non-U.S. persons pursuant to Regulation S under the Securities Act of 1933.
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