Castor Maritime reveals $50 million in debt financing
Sustainability-Linked Loan Facility: Castor Maritime (CTRM) has secured a $50M sustainability-linked senior term loan from a European bank, backed by a mortgage on four dry bulk vessels, with proceeds allocated for general corporate purposes.
Redemption of Preferred Shares: On October 13, 2025, CTRM and Toro Corp. agreed to redeem 60,000 shares of the 8.75% Series E Cumulative Perpetual Convertible Preferred Shares, which will be cancelled post-redemption.
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16th Annual Capital Link Greek Shipping Forum Set for February 2026
- Event Date and Venue: The 16th Annual Capital Link Greek Shipping Forum is scheduled for February 5, 2026, at the Athenaeum Intercontinental Athens, expected to attract global shipping leaders and institutions to discuss industry trends and challenges.
- Industry Leadership Participation: The forum will feature the Shipping Ministers of Greece, Cyprus, and Malta, along with the U.S. Deputy Assistant Secretary for Transportation Affairs, showcasing the regulatory dynamics affecting the global shipping sector.
- Award Ceremony: During the forum, the 2026 Capital Link Greek Shipping Leadership Award will be presented to Mr. Pantelis Eleftherios Kollakis, Chairman of Chartworld Group, recognizing his contributions to the shipping industry and Greece, thereby enhancing industry influence.
- Diverse Topic Discussions: The forum will cover various themes from energy transition to digital technology, aiming to provide forward-looking strategies that help stakeholders maintain competitiveness in a complex global environment.
Key Stocks Reporting Earnings This Week: Costco, MongoDB, Ulta, and Others
Upcoming Earnings Reports: Retail investors are anticipating a week of earnings reports from various companies, including MongoDB, CrowdStrike, and Salesforce, among others.
Analyst Expectations: Analysts have raised price targets for CrowdStrike ahead of its earnings report, with expectations of earnings of 94 cents per share and revenue of $1.21 billion.
Retail Sector Focus: Major retailers like Macy's and Dollar Tree are set to report earnings, with significant attention on their performance as the holiday season approaches.
Market Movements: The stock of Victoria's Secret is highlighted for its potential volatility, as over 20% of its shares are currently sold short, indicating investor caution.
