Toro Corp. Announces $60.0 Million Revolving Credit Facility

Toro Corp. has announced the signing of a $60.0 million revolving credit facility with a European financial institution. The facility has a five-year tenor, with interest at Term SOFR plus a margin, and is secured by a first priority mortgage over four of the Company’s vessels. The proceeds are intended for general corporate purposes. Toro Corp. is a global energy transportation services provider with a fleet of two LPG carriers and one MR tanker vessel. The company is incorporated in the Republic of the Marshall Islands and its shares trade on the Nasdaq Capital Market under the symbol "TORO".