Seanergy Maritime Holdings (SHIP) said Tuesday it signed definitive agreements with unaffiliated third parties in Japan for the acquisition of two Japanese ships for a total of about $69 million.
The company said the deals are for a Newcastlemax vessel and a bareboat charter with a purchase obligation for a Capesize vessel, with both ships to be delivered within Q1.
The transaction will be funded using a combination of existing cash and proceeds from future credit facilities, according to the company.
Shares of Seanergy Maritime were down 3% in recent trading.
Price: 7.01, Change: -0.22, Percent Change: -2.98
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