04:57 PM EDT, 06/17/2025 (MT Newswires) -- Okeanis Eco Tankers ( ECO ) said Tuesday it secured a $65 million term loan to fund its planned repurchase of the vessel Nissos Kea.

The seven-year loan is led by E.SUN Commercial Bank and includes other lenders, the company said.

The facility carries an interest rate of Term Secured Overnight Financing Rate plus 135 basis points, it added.

Okeanis Eco Tankers ( ECO ) will repay the loan through $0.9 million quarterly payments and a $39.8 million balloon payment at maturity, according to the company.

The loan is backed by a mortgage on Nissos Kea and a company guarantee, Okeanis Eco Tankers ( ECO ) added.

The company said the deal includes standard loan conditions and is set to close in June.

Shares of the company were up about 4% in recent after-hours activity.