Toro Corp: New financing deal

Toro Corp., an vigor shipping institution affiliated with Petros Panagiotidis, announced the signing of a caller 60-million-euro revolving recognition installation (RCF) with a starring European fiscal institution, further strengthening its fiscal flexibility.

The caller five-year financing will beryllium secured, among different things, by first-priority mortgages connected 4 of the company’s vessels. The nett proceeds from the installation are expected to beryllium used for wide firm purposes. Toro Corp. operates internationally successful the vigor transportation assemblage with a modern fleet of oceangoing vessels.

Its fleet includes two LPG carriers and 1 MR tanker, transporting petrochemical gases and refined petroleum products worldwide. The caller statement is considered a important step successful supporting the company’s operational and maturation strategy.