EnTrust Global's Blue Ocean Partners Strategy has created SPV "Blue Northern BLK Ltd" to launch an offer to acquire Belships ASA.

The Revolving Credit Facility is a 100% revolving loan, which has a final maturity of seven years from the signing date and gives the Company the flexibility to draw down or repay the loan during the loan tenor. The Revolving Credit Facility is expected to bear interest at SOFR plus a margin of 1.85% per annum and a commitment fee of 0.74% per annum applies for any undrawn amounts. The Revolving Credit Facility is expected to be collateralized by 26 product tankers, which are currently unencumbered, and is expected to amortize/reduce in quarterly installments (starting after the second anniversary of the signing date) with a balloon payment due at maturity date. The Revolving Credit Facility offers the Company an ability to substitute vessels and also includes an uncommitted accordion feature of up to $100.0 million, which may be incurred under the same terms and conditions at no later than 24 months after the signing date.

Toro Corp is providing USD 50 million proceeds from the issuance of 50,000 additional Castor’s 5.00% Series D cumulative perpetual convertible preferred shares, par value $0.001 per share to facilitate the takeover of MPC Münchmeyer Petersen Capital AG (MPC Capital)

This Transaction involved the purchase of approximately 26 million shares representing about 74 percent of MPC Capital shares at EUR 7.00 per share. Net proceeds are approximately EUR 182 million or USD 192 million

Toro Corp is providing a USD 100 million term loan to Castor Maritime to facilitate the takeover of MPC Münchmeyer Petersen Capital AG (MPC Capital)