Costamare announced the execution of two new loan agreements for an aggregate amount of $140 million, which brings the refinancing program initiated at the beginning of the year to a successful conclusion. Since January, the Company has entered into new financing transactions of over $435 million and has extended debt maturities of about $240 million.
Gregory Zikos, Chief Financial Officer of the Company said:
“The latest transactions form part of our strategy of proactively managing our balance sheet and liquidity position, ensuring a smooth debt repayment profile. As a result of the latest financing arrangements we have no meaningful debt maturities until 2024.”