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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

Filed under

Source

Read full article on globenewswire.com

via GlobeNewswire — Financing · April 2, 2026

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