Precious Shipping Public Company Limited announced that on 11 August 2023, the company and Precious Stones Shipping Limited and Precious Metals Limited as the Borrowers have executed a USD 26,250,000 term loan facility (Loan Facility) with Export-Import Bank of Thailand. The purposes of the Loan Facility are to reimburse the acquisition expenses of M.V. Phatra Naree and to support the Borrowers' operations. Facility Amount: Up to USD 26,250,000 divided into two Tranches: Tranche A: USD 21,250,000; Tranche B: USD 5,000,000.

Interest Rate: USD SOFR plus margin; Availability Period: 12 months from the date of the Loan Agreement; Repayment: Tranche A: The Loan Facility shall be repaid in 28 quarterly installments beginning three calendar months after the drawdown; Tranche B: The Loan Facility shall be repaid in 24 quarterly installments beginning three calendar months after the drawdown.