Performance Shipping Inc. plans to conduct fixed income investor calls starting June 6, 2025, for a potential USD senior unsecured bond issue aimed at fleet expansion. The bond proceeds will support general corporate purposes and fleet renewal, targeting qualified institutional buyers in the U.S. under Rule 144A and non-U.S. persons under Regulation S, without SEC registration.
The bond issue is contingent on market conditions, and there are concerns regarding the lack of registration and transparency. Investors are cautioned about various uncertainties that could affect the company’s future performance, as indicated in their press release.
