Tamboran Resources Completes Falcon Acquisition And Expands Beetaloo Basin Position To 2.8 Million Net Prospective Acres - Pulse 2.0
EnergyMerger
Tamboran Resources→Falcon Oil & Gas subsidiaries
May 31, 2026
Toro Corp. Secures $60.0M Revolving Credit Facility
Announced
EnergyOther
Deal Overview
Toro Corp. (NASDAQ: TORO) signed a $60.0 million revolving credit facility with a leading European financial institution. The facility has a five-year tenor and bears interest at Term SOFR plus a margin.
The credit line is secured by, among other items, a first priority mortgage over four of Toro’s vessels. Toro expects to use net proceeds for general corporate purposes.
Key Details
- Target
- Toro
- Deal Size
- $50M – $100M
- Reported Value
- $60.0 million
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