Performance Shipping Inc. Set to Engage Fixed Income Investors

Investor Meetings Announcement

ATHENS, Greece — Performance Shipping Inc. (NASDAQ: PSHG) is excited to announce that it will be conducting a series of meetings with fixed income investors, beginning on June 6, 2025. This initiative, arranged through prominent Norwegian investment banks, aims to engage potential investors and discuss exciting opportunities in the fixed-income market.

The Company plans to potentially issue a five-year senior unsecured bond denominated in USD, contingent upon favorable market conditions. This anticipated bond issue is part of Performance Shipping's broader strategy to enhance its fleet and support various corporate needs.

Use of Proceeds

Proceeds from this bond issuance are designed with a clear purpose: to fund fleet expansion and renewal efforts, as well as to support the Company’s general corporate objectives. These actions reflect the firm’s commitment to long-term growth and operational excellence in the competitive shipping industry.

Bond Offering Details

If the bonds are issued, they will be accessible only to those individuals within the United States that are identified as qualified institutional buyers under Rule 144A. Outside the U.S., the bonds will be offered in accordance with Regulation S under the Securities Act. It’s important to note that the bonds will not be registered under the Securities Act or any state securities laws, making the offerings subject to relevant exemptions.

About Performance Shipping Inc.

Performance Shipping Inc. stands as a leading global provider of maritime transportation services, specializing in the ownership and operation of tanker vessels. The Company efficiently utilizes its fleet by engaging in spot voyages, pool arrangements, and time charters that adapt to the shifting dynamics of the market.

Company Vision and Market Insights

As an established player within the shipping sector, Performance Shipping Inc. navigates complex market conditions and remains agile to adapt to changing demands. The Company’s approach involves proactive strategies designed to optimize fleet performance while meeting customer needs effectively.

Surrounded by growing global demand for oil and petroleum products, Performance Shipping Inc. is well-positioned to capitalize on new opportunities that arise within the logistics of maritime transportation. The continuous evaluation of market trends allows the firm to maintain a competitive edge.

Commitment to Transparency

Performance Shipping emphasizes transparency and strong communication with its stakeholders. The forthcoming investor meetings are a testament to this approach, enabling robust dialogue regarding the Company’s future trajectory and financial strategies. Investors can expect in-depth discussions that aim to clarify how Performance Shipping plans to maneuver through various economic landscapes.

Frequently Asked Questions

What are the primary goals of the upcoming investor meetings?

The primary goals are to engage with potential investors, discuss the bond issuance, and outline strategies for fleet expansion and corporate growth.

Who is eligible to invest in the proposed bond offering?

The bonds are accessible to qualified institutional buyers in the United States and non-U.S. persons outside the U.S.

What will the proceeds from the bond issue be used for?

The proceeds will facilitate fleet expansion, renewal, and other corporate purposes vital for the Company's growth.

How does Performance Shipping ensure its operational success?

Performance Shipping achieves success through careful analysis of market trends, strategic fleet management, and adapting to demand shifts in maritime transportation.

Why is transparency important for investors?

Transparency builds trust and allows investors to make informed decisions, understanding the Company’s goals and strategies.

About The Author

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