Okeanis Eco Tankers Corp. – New Financings Update

Okeanis Eco Tankers Corp. has announced the finalization of two new facility agreements totaling $90.0 million to finance the acquisition of two newbuilding Suezmax vessels, Nissos Piperi and Nissos Serifopoula, both under construction at Daehan Shipbuilding Co., Ltd. Each vessel will be financed by a $45.0 million facility with a prominent Greek bank. The Nissos Piperi Facility and the Nissos Serifopoula Facility both have an interest rate of Term SOFR plus 130 basis points. The Nissos Piperi Facility matures in seven years with quarterly installments and a balloon payment, while the Nissos Serifopoula Facility matures in eight years with similar repayment terms. Both agreements include standard covenants and conditions, with expected closing in January 2026. The CFO highlighted that these financings, coupled with a previous equity raise, are accretive to shareholders and will not impact the company's cash balance for dividend distributions. The company views these competitive financing terms as a further enhancement to its capital structure, leveraging strong relationships in the Greek banking market.