| Long-Term Debt - Bank Loans (Table) |
Long-Term Debt - Bank Loans (Table)
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As of December 31, 2025 |
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As of December 31, 2024 |
|
Rate of interest |
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Credit facilities |
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| (i) |
Issued in January 2024 maturing in December 2030 (the “2024 - LNG/C Axios II credit facility”) |
|
170,000 |
|
|
180,000 |
|
Margin + Secured Overnight Financing Rate (“SOFR”) |
| (ii) |
Issued in June 2024 maturing in June 2031 (the “2024 - LNG/C Aktoras credit facility”) |
|
220,500 |
|
|
233,500 |
|
Margin + SOFR |
| (iii) |
Issued in June 2024 maturing in June 2031 (the “2024 - LNG/C Aristidis I credit facility”) |
|
143,375 |
|
|
151,125 |
|
Margin + SOFR |
| (iv) |
Issued in September 2025 maturing in December 2037 (the Tranche A of the “2025 - LCO2 - HMG/Cs Active, Alkimos credit facility”) |
|
44,454 |
|
|
— |
|
Margin + SOFR |
| |
Sale and lease back agreements |
|
|
|
|
|
|
|
| (v) |
Assumed in September 2021 maturing in June 2030 (the “2021 Bocomm”) |
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112,028 |
|
|
118,216 |
|
Margin + SOFR |
| (vi) |
Assumed in September 2021 maturing in November 2029 (the “2021 Bocomm”) |
|
107,311 |
|
|
113,210 |
|
Margin + SOFR |
| (vii) |
Assumed in November 2021 maturing in July 2036 (the “2021 Shin Doun”) |
|
117,817 |
|
|
124,376 |
|
Fixed rate |
| (viii) |
Issued in December 2022 maturing in January 2031(the “2022 Jolco”) |
|
96,062 |
|
|
100,273 |
|
($63,662: Margin + SOFR, $32,400: Fixed rate) |
| (ix) |
Issued in February 2023 maturing in February 2033(the “2023 CMBFL - LNG/C”) |
|
159,937 |
|
|
168,687 |
|
Margin + SOFR |
| (x) |
Assumed in December 2023 maturing in October 2033 (the “2023 CMBFL - LNG/C AMI”) |
|
152,107 |
|
|
174,212 |
|
Margin + SOFR |
| (xi) |
Issued in May 2024 maturing in May 2032 (the “2023 - LNG/C Assos Jolco”) |
|
226,811 |
|
|
236,079 |
|
($185,411: Margin + SOFR, $41,400: Fixed rate) |
| (xii) |
Issued in July 2024 maturing in July 2032 (the “2024 - LNG/C Apostolos Jolco”) |
|
226,590 |
|
|
235,870 |
|
($185,190: Margin + SOFR, $41,400: Fixed rate) |
| (xiii) |
Issued in August 2024 maturing in July 2031 (the “2024 Bocomm - LNG/C Attalos”) |
|
149,851 |
|
|
158,780 |
|
Margin + SOFR |
| (xiv) |
Issued in August 2024 maturing in July 2031 (the “2024 Bocomm - LNG/C Asklipios”) |
|
149,851 |
|
|
158,780 |
|
Margin + SOFR |
| |
Unsecured Bonds |
|
|
|
|
|
|
|
| (xv) |
Issued in October 2021 maturing in October 2026 (the “2021 Bonds”) |
|
175,911 |
|
|
156,136 |
|
Fixed rate |
| (xvi) |
Issued in July 2022 maturing in July 2029 (the “2022 Bonds”) |
|
117,275 |
|
|
104,091 |
|
Fixed rate |
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Total long-term debt |
|
2,369,880 |
|
|
2,413,335 |
|
|
| |
Less: Deferred financing costs |
|
15,543 |
|
|
18,252 |
|
|
| |
Total long-term debt, net |
|
2,354,337 |
|
|
2,395,083 |
|
|
| |
Less: Current portion of long-term debt |
|
124,779 |
|
|
120,869 |
|
|
| |
Add: Current portion of deferred financing costs |
|
2,635 |
|
|
3,743 |
|
|
| |
Long-term debt, net |
|
2,232,193 |
|
|
2,277,957 |
|
|
|
| Long-Term Debt -Sale and leaseback agreements analysis(Table) |
Long-Term Debt -Sale and leaseback agreements analysis(Table)
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| Vessel |
|
Financing Amount |
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Financing Amount if long-term employment secured |
|
Quarterly Instalment |
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Quarterly Instalment if long-term employment secured |
|
Purchase Obligation |
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Purchase Obligation if long-term employment secured |
Duration in years |
Purpose |
| MG/C Aristogenis |
$ |
54,670 |
$ |
66,385 |
$ |
683 |
$ |
830 |
$ |
35,536 |
$ |
43,150 |
7 7 years |
partially financing the delivery from the shipyard |
| MG/C Aridaios |
|
54,670 |
|
66,385 |
|
683 |
|
830 |
|
35,536 |
|
43,150 |
7 7 years |
partially financing the delivery from the shipyard |
| MG/C Aratos |
|
54,670 |
|
66,385 |
|
683 |
|
830 |
|
35,536 |
|
43,150 |
7 7 years |
partially financing the delivery from the shipyard |
| MG/C Agenor |
|
54,670 |
|
66,385 |
|
683 |
|
830 |
|
35,536 |
|
43,150 |
7 7 years |
partially financing the delivery from the shipyard |
| MG/C Andrianos |
|
45,726 |
|
55,525 |
|
572 |
|
694 |
|
29,722 |
|
36,091 |
7 7 years |
partially financing the delivery from the shipyard |
| MG/C Anios |
|
45,726 |
|
55,525 |
|
572 |
|
694 |
|
29,722 |
|
36,091 |
7 7 years |
partially financing the delivery from the shipyard |
|