Performance Shipping Inc. Raises $50 Million in Senior Secured Bond Tap Issue

Reuters01-13

<a href="https://laohu8.com/S/PSHG">Performance Shipping Inc.</a> Raises $50 Million in Senior Secured Bond Tap Issue

Performance Shipping Inc. has announced the successful placement of a USD 50 million tap issue in its outstanding senior secured bond due July 17, 2029, with ISIN: NO0013607028. The bonds carry a fixed coupon of 9.875% per annum, payable semi-annually. Following this tap issue, the total outstanding amount under the bonds is USD 150 million. The tap issue was priced at 103.00% of par value and is expected to close on January 26, 2026, subject to customary closing conditions. Net proceeds from the tap issue will be used for general corporate purposes.

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. Performance Shipping Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 9624760) on January 13, 2026, and is solely responsible for the information contained therein.

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Raises $50 Million in Senior Secured Bond Tap Issue","media":"Reuters","content":"<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/PSHG\">Performance Shipping Inc.</a> Raises $50 Million in Senior Secured Bond Tap Issue\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        Performance Shipping Inc. has announced the successful placement of a USD 50 million tap issue in its outstanding senior secured bond due July 17, 2029, with ISIN: NO0013607028. The bonds carry a fixed coupon of 9.875% per annum, payable semi-annually. Following this tap issue, the total outstanding amount under the bonds is USD 150 million. The tap issue was priced at 103.00% of par value and is expected to close on January 26, 2026, subject to customary closing conditions. 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