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Icon Energy Corp. Enters into Financing Term Sheet with Leading International Financial Institution
Contract Type
partnership
AthensTransportationLogisticsDescription
Icon Energy Corp. announced a quarterly cash dividend of $0.08 per common share, in aggregate amount of approximately $500,000 for the second quarter of 2024. Additionally, the company has entered into a non-binding term sheet with a leading international financial institution for a new senior secured credit facility in an aggregate amount of up to $16 million, with expectations to utilize the proceeds for the purchase price of a previously-announced acquisition of a Kamsarmax dry bulk carrier and leverage of their existing Panamax dry bulk carrier, M/V Alfa.