Rubico Inc. Secures $42 Million Sale-Leaseback Financing for Eco Malibu Tanker

Reuters11-14

<a href="https://laohu8.com/S/RUBI">Rubico Inc</a>. Secures $42 Million Sale-Leaseback Financing for Eco Malibu Tanker

Rubico Inc., an international owner and operator of modern "ECO" tanker vessels, has successfully completed sale and leaseback financing agreements with a major Chinese financier for the refinancing of its two 157,000 dwt Suezmax tankers, the M/T Eco West Coast and M/T Eco Malibu. The gross proceeds from the transaction, after repayment of previous debt and related expenses, amounted to about $10.4 million. As part of the agreements, Rubico Inc. and its parent company, Top Ships Inc., provided guarantees and agreed to maintain a leverage ratio of no more than 85% and minimum liquid funds of $0.50 million and $0.40 million for the Eco Malibu and Eco West Coast, respectively. The SLB for the Eco Malibu is for $42.0 million, with a ten-year bareboat charter and a purchase obligation of $19.0 million at the end of the charter period, at an interest rate of 3-month SOFR plus 2.1% per annum.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Rubico Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001171843-25-007317), on November 14, 2025, and is solely responsible for the information contained therein.

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Secures $42 Million Sale-Leaseback Financing for Eco Malibu Tanker\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-11-14 22:20</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      <a href=\"https://laohu8.com/S/RUBI\">Rubico Inc</a>. Secures $42 Million Sale-Leaseback Financing for Eco Malibu Tanker\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Rubico Inc., an international owner and operator of modern \"ECO\" tanker vessels, has successfully completed sale and leaseback financing agreements with a major Chinese financier for the refinancing of its two 157,000 dwt Suezmax tankers, the M/T Eco West Coast and M/T Eco Malibu. The gross proceeds from the transaction, after repayment of previous debt and related expenses, amounted to about $10.4 million. As part of the agreements, Rubico Inc. and its parent company, Top Ships Inc., provided guarantees and agreed to maintain a leverage ratio of no more than 85% and minimum liquid funds of $0.50 million and $0.40 million for the Eco Malibu and Eco West Coast, respectively. 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ID: 0001171843-25-007317), on November 14, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4144","symbol_name":"石油与天然气的储存和运输","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251114:nNDL70wPg3:1","article_id":"2583504457","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2583504457","pubTimestamp":1763130003,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Rubico Inc., an international owner and operator of modern \"ECO\" tanker vessels, has successfully completed sale and leaseback financing agreements with a major Chinese financier for the refinancing of its two 157,000 dwt Suezmax tankers, the M/T Eco West Coast and M/T Eco Malibu. 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Secures $42 Million Sale-Leaseback Financing for Eco Malibu Tanker\n    \n\n        Rubico Inc., an international owner and operator of modern \"ECO\" tanker vessels, has successfully completed sale and leaseback financing agreements with a major Chinese financier for the refinancing of its two 157,000 dwt Suezmax tankers, the M/T Eco West Coast and M/T Eco Malibu. The gross proceeds from the transaction, after repayment of previous debt and related expenses, amounted to about $10.4 million. As part of the agreements, Rubico Inc. and its parent company, Top Ships Inc., provided guarantees and agreed to maintain a leverage ratio of no more than 85% and minimum liquid funds of $0.50 million and $0.40 million for the Eco Malibu and Eco West Coast, respectively. 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