Castor maritime inc. announces completion of a $40.75 million debt financing

Limassol, cyprus, july 28, 2021 (globe newswire) -- castor maritime inc. (nasdaq: ctrm), (“castor”, or the “company”), a diversified global shipping company, announces the closing and drawdown of a $40.75 million senior term loan facility with a european bank (the “$40.75 million financing”), through four of its dry bulk vessel shipowning entities. the company intends to use the net proceeds from the $40.75 million financing for general corporate purposes, including supporting the company's growth plans.
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