Actions in order to strengthen Concordia Maritime’s financial position and liquidity
Concordia Maritime AB (publ) (”Concordia” or the “Company”) has agreed upon a conditional agreement with Stena Bulk AB (”Stena Bulk”), or a nominated company within the group of companies, on time charter of all of the Company’s ten P-MAX product tankers (the “Time Charter”). The Company and some of the Company’s lending banks (the “Banks”) have also agreed upon a conditional term sheet concerning new terms and conditions for the loan that will apply until the current loan, originally amounting to MUSD 114, matures in the fourth quarter of 2024 ( the “Term Sheet”). In addition, the Company