BRIEF-Imperial Petroleum Entered Into Agreements To Acquire Seven Japanese Built Bulkers For $129 Mln-March 2024-www.financetom.com

BRIEF-Imperial Petroleum Entered Into Agreements To Acquire Seven Japanese Built Bulkers For $129 Mln

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BRIEF-Imperial Petroleum Entered Into Agreements To Acquire Seven Japanese Built Bulkers For $129 Mln

Sep 21, 2024 8:19 PM

Sept 20 (Reuters) - Imperial Petroleum Inc ( IMPP ):

* IMPERIAL PETROLEUM ( IMPP ) - ENTERED INTO AGREEMENTS TO ACQUIRE

SEVEN

JAPANESE BUILT BULKERS (5 SUPRAMAXES AND 2 KAMSARMAXES) FOR $129

MILLION

* IMPERIAL PETROLEUM INC ( IMPP ) - VESSELS ARE EXPECTED TO BE

DELIVERED

BETWEEN DECEMBER 2024 AND MAY 2025

* IMPERIAL PETROLEUM INC ( IMPP ) - EXPECTS TO FINANCE PURCHASE PRICE

FOR

EACH VESSEL WITH CASH-ON-HAND

* IMPERIAL PETROLEUM INC ( IMPP ) - HAS OPTION TO PAY FOR VESSELS

LATEST BY

ONE YEAR FROM EACH RESPECTIVE PURCHASE AGREEMENT

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