Castor maritime inc. announces $18.0 million debt financing

Limassol, cyprus, may 10, 2021 (globe newswire) -- castor maritime inc. (nasdaq: ctrm), (“castor”, or the “company”), a diversified global shipping company, announces the closing and drawdown, through two of its ship-owning subsidiaries, of a $18.0 million senior term loan facility with a european bank (the “$18.0 million financing”), secured by two of its tanker vessels. the company intends to use the net proceeds from the $18.0 million financing for general corporate purposes, including supporting the company's growth plans.
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