EuropeFinance and InsuranceTankers

Top Ships secures $3m financing

Greek owner Top Ships has announced that it has entered into a definitive securities purchase agreement with an institutional investor to raise approximately $3m in a private placement of 3,160 Series B Convertible Preferred Shares, which are convertible into common shares of the company.

The Company closed on the initial portion of 1,579 Series B Convertible Preferred Shares on November 22 for total gross proceeds of around $1.5m.

In August, Top Ships entered into a senior secured facility with a major northern European bank for the financing of the M/T Nord Valiant, a 50,000 dwt MR product tanker.

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Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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