Business
Toro Corp. Announces Full Repayment of the Senior Term Loan Granted to Castor Maritime Inc.
LIMASSOL, Cyprus, May 14, 2025 (GLOBE NEWSWIRE) -- Toro Corp. (NASDAQ: TORO) (“Toro”, or the “Company”), an international energy transportation services company, announces that on May 5, 2025, the senior term loan facility granted to Castor Maritime Inc. in December 2024 was fully repaid. About Toro Corp. Toro Corp. is an international energy transportation services company with a fleet of LPG carriers that carry liquefied petrochemical gases worldwide. Toro Corp. currently owns a fleet of four
About this update from Toro Corp.
[{"type":"image","alt":"TORO CORP.","displaySize":"","headline":null,"caption":"TORO CORP.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":125,"url":"https://media.zenfs.com/en/globenewswire.com/c257dc69ea3614c67381c772329dee79"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/phah7gwT3x.nGIUL_iPxBw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTE3NTtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/c257dc69ea3614c67381c772329dee79","width":300,"height":125}},"lazy":false},{"type":"text","content":"LIMASSOL, Cyprus, May 14, 2025 (GLOBE NEWSWIRE) -- Toro Corp. (NASDAQ: TORO) (“Toro”, or the “Company”), an international energy transportation services company, announces that on May 5, 2025, the senior term loan facility granted to Castor Maritime Inc. in December 2024 was fully repaid.","length":289,"tagName":"p"},{"type":"text","content":"About Toro Corp. ","length":16,"tagName":"p"},{"type":"text","content":"Toro Corp. is an international energy transportation services company with a fleet of LPG carriers that carry liquefied petrochemical gases worldwide. Toro Corp. currently owns a fleet of four 5,000 LPG carrier vessels.","length":219,"tagName":"p"},{"type":"text","content":"Toro is incorporated under the laws of the Republic of the Marshall Islands. The Company's common shares trade on the Nasdaq Capital Market under the symbol “TORO”.","length":168,"tagName":"p"},{"type":"text","content":"For more information, please visit the Company’s website at www.torocorp.com. Information on our website does not constitute a part of this press release.","length":154,"tagName":"p"},{"type":"text","content":"Cautionary Statement Regarding Forward-Looking Statements","length":57,"tagName":"p"},{"type":"text","content":"Matters discussed in this press release may constitute forward-looking statements. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance (including with respect to our share repurchase program), and underlying assumptions and other statements, which are ...