Investor Presentaiton
Highlights (2/4)
New $500 million syndicated loan facility
Refinancing of existing indebtedness of 17 vessels, secured by contracted cash flows with a tenor of 5 years.
Raised additional liquidity of approximately $200 million.
Participation of 12 U.S., European and Asian financing institutions, most of which represent new financing relationships.
Significant reduction of funding cost, and extension of repayment schedule for 16 out of the 17 refinanced vessels.
Corporate Leverage: Market Values basis: ca. 24% as calculated for our compliance certificates(1).
Share Repurchase Program
Approximately $60 million of common share repurchases, representing 3.8% of total common shares at an average price of
$12.67 per share(2).
Available funds remaining under the share repurchase programs:
Approximately $90 million for common shares.
$150 million for preferred shares.
Notes
1.
2.
(Total Liabilities minus Cash and Cash Equivalents)/(Total Market Value Adjusted Assets minus Cash and Cash Equivalents) as of June 30, 2022.
As of the date of this presentation.
COSTAMARE INC.View entire presentation