Okeanis Eco Tankers Corp. announced that on June 20, 2024, the company entered into a new $31.11 million senior secured credit facility to finance the option to purchase back the Suezmax vessel Poliegos from its current sale and leaseback financier (the ?Poliegos New Facility?). The Poliegos New Facility is provided by Bank SinoPac Co., Ltd, and the transaction is expected to close in July 2024.

The Poliegos New Facility contains an interest rate of Term SOFR plus 160 basis points, matures in six years, and will be repaid in quarterly instalments of approximately $0.78 million each, together with a balloon instalment of approximately $12.44 million payable at maturity. The Poliegos New Facility is secured by, among other things, security over the Poliegos, and is guaranteed by the Company.