02:10 PM EDT, 07/02/2025 (MT Newswires) -- Performance Shipping ( PSHG ) said Wednesday it placed $100 million through a bond sale in the Nordic market, with the deal set to close by July 17.

The bonds, maturing in July 2029, carry a fixed annual interest rate of 9.875%, payable semi-annually, and were priced at 97% of their face value.

The bonds are partially secured by first priority mortgages on the company's two oldest tankers, which currently have no debt.

Performance Shipping ( PSHG ) said it plans to list the bonds on the Oslo Stock Exchange.

The company said it will use the proceeds to acquire tankers or repurchase outstanding bonds.

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