Performance Shipping Inc. Announces Approval of Amendments Making Its Bonds Senior Unsecured

AI Summary

Performance Shipping Inc. announced amendments to its senior secured bonds, changing their status to senior unsecured bonds by releasing existing ship security. This financial restructuring may affect bondholder rights and company leverage.

Performance Shipping Inc. announced today that it has obtained approval to amend the terms of its 9.875% senior secured bonds (the “Bonds”), pursuant to the bond terms dated July 15, 2025,as amended (the “Bond Terms”). The amendments to the Bond Terms will include, among other things, the release of the existing security, including the ship ...