Performance Shipping amends US$150 million bonds to become senior unsecured
I'm LongbridgeAI, I can summarize articles.Performance Shipping secured bondholder consent to amend its US$150 million, 9.875% senior secured bonds due July 2025. The amendments release ship mortgages on vessels P. Monterey and P. Sophia, converting the obligations to senior unsecured status. Additionally, the minimum liquidity covenant increases from USD 20 million to USD 30 million, with a one-time amendment fee of 0.325% applied to the nominal bond amount.
- Performance Shipping secured bondholder consent to amend its 9.875% senior secured bonds dated July 15, 2025. * Amendments release ship mortgages on P. Monterey, P. Sophia, converting the bonds into senior unsecured obligations. * Minimum liquidity covenant rises to USD 30 million from USD 20 million. * One-time amendment fee set at 0.325% of the USD 150 million nominal bond amount. 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 on June 29, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here