STST: Stainless Tankers ASA announces acquisition of two chemical tankers
November 7, 2023 - Stainless Tankers ASA (the "Company", ticker: "STST")
announces that it has entered into agreements ("MOAs") to acquire two (2) 2005
built J19 stainless steel chemical tankers for a combined purchase price of
$27.0 million. Concurrently with signing the MOAs, the Company entered into an
upsize loan agreement to increase the existing loan facility by $27.0 million in
order to fund the purchase, which is expected to close on or around November 15,
2023.
Contact:
Alex Karakassis, CEO: alex.karakassis@tufton.com
Erol Sarikaya, CFO: erol.sarikaya@tufton.com
This information is considered to be inside information pursuant to the EU
Market Abuse Regulation (MAR) Article 7 and is subject to the disclosure
requirements pursuant to section 5-12 the Norwegian Securities Trading Act. This
stock exchange announcement was published by Richard Taylor, company secretary
of Stainless Tankers ASA, on November 7, 2023 at 21:05 CET on behalf of
Stainless Tankers ASA.
About Stainless Tankers:
Stainless Tankers ASA (ticker code "STST") is a shipping company specialized in
providing seaborne transportation of chemical cargoes worldwide. The Company
provides investors with pure-play stainless steel chemical tanker exposure in an
investor friendly structure through its fleet of seven stainless steel vessels,
each with an approximate total carrying capacity of 20,000dwt. The fleet is
managed by Tufton, with a primary focus on maximizing earnings and distributing
excess operating cashflows to shareholders. For more information, please visit
www.stainlesstankers.com.