Cetus Maritime, a leading handysize dry bulk owner and operator, has successfully closed a new USD 60 million Sustainability-Linked 5-year Secured Revolving Credit Facility(the “facility”) for general corporate purposes.

The facility, secured with BNP Paribas reinforces the Company's commitment to sustainable shipping and integrates its sustainability objectives into its financial strategy.

Olivia Lennox King, COO of Cetus Maritime, stated: “Our continued partnership with BNP Paribas marks an important milestone in advancing our financial agility and deepening our commitment to environmental stewardship. By linking our financing framework to clearly defined sustainability targets, we are not only reinforcing accountability but also embedding climate-conscious principles into our capital strategy.”

The interest margin of the Facility is directly linked to the Company's performance on predefined sustainability performance targets (SPTs) and a key performance indicator(KPI). The margin will be adjusted (either decreased or increased) based on the Company's success in achieving these targets. The chosen KPI and SPT relate to carbon intensity, which is a material sustainability issue in the shipping industry. BNP Paribas is the Sustainability Coordinator.

Emma Cawood, Managing Director of Finance and Treasury, Cetus Maritime, commented: "We are pleased to have secured this sustainability-linked facility, a significant milestone in aligning our financial objectives with our commitment to sustainability. The strong support from BNP Paribas will help us to execute on our business strategy and our efforts to enhance the resilience and long-term financial performance of our company amid an increasingly complex global business environment.

BNP Paribas’ advisor: Stephenson Harwood LLP

Cetus Maritime advisor: Watson, Farley & Williams LLP

For further information please contact: general@cetusmaritime.com

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