Pyxis Tankers Pushes Debt Repayment to 2022

Pyxis

Pyxis Tankers has reached a preliminary agreement with one its lenders to extend the maturity of the loans related to two of the company’s vessels.

Under the agreement, the company will extend USD 25 million of its outstanding debt, which amounts to USD 68.4 million, for an additional four years until September 2022.

“Once this amendment is in place, the first scheduled balloon payment with respect to our bank debt will be due in the second quarter of 2020, which enhances our financial flexibility,” Valentios Valentis, Pyxis Tankers’ Chairman and CEO, said.

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