The company "Y/KNOT Invest S.A." (the "Company") informs the investing public that it has reached an agreement for an investment in an Aframax tanker, built in 2009 at the shipyards of Hyundai Heavy Industries, with a carrying capacity of 105,599 DWT and owned by the foreign company under the name "The Great Eastern Shipping Co".
The vessel will be purchased by the newly incorporated company Y/Amethyst Inc., an indirect subsidiary of the Company, for a total amount of USD 44,100,000.
The acquisition will be financed through a combination of own funds, co-investment by Indigo Marine Inc., a direct shareholder of the Company, and bank financing.
Specifically, for the payment of the purchase price and initial working capital, the Company will contribute to Y/Amethyst Inc., through Y/Knot Maritime Inc., its direct wholly owned subsidiary, an amount of EUR 12,000,000, while Indigo Marine Inc. will contribute to Y/Amethyst Inc. an amount of EUR 8,000,000. Following the above, Y/Knot Maritime Inc.'s participation in Y/Amethyst Inc. will amount to 60%, and Indigo Marine Inc.'s participation will amount to 40%. The above arrangement is set out in detail in a relevant agreement between Y/Knot Maritime Inc. and Indigo Marine Inc., for which, since Indigo Marine Inc. is a related party to the Company, approval was granted by the Company's Board of Directors on 30 June 2026, in accordance with Articles 100 and 101 of Law 4548/2018.
It is recalled that, in the Company's recent share capital increase of EUR 22.8 million, the use of proceeds provided for an amount of up to EUR 11,000,000 for investments in oceangoing shipping vessels and an amount of up to EUR 2,888,000 for working capital.
With respect to bank financing, the Company has entered into a preliminary agreement (Indicative Term Sheet) with the London branch of Macquarie Bank Limited for long-term financing in the amount of USD 23,500,000.
The Company may consider the participation of additional investors in Y/Amethyst Inc. and will keep the investing public informed of any developments.
Kifisia, 30 June 2026