Precious Shipping Public Company Limited (SET: PSL), has informed the Stock Exchange of Thailand that on 18 March 2025, the company and a wholly-owned Thai subsidiary of the company, namely Precious Wishes Limited as the borrowers have executed a USD 30,000,000 term loan facility with Krung Thai Bank Public Company Limited.
The Loan Facility will be utilized, in part, to reimburse the borrowers for a portion of the purchase price of M.V. Napha Naree, a second-hand dry bulk carrier previously acquired by Precious Wishes and in part, to finance the future acquisition of a yet to be identified second-hand dry bulk carrier to be acquired by another wholly-owned Thai subsidiary of the Company.
