Y/KNOT Invest S.A. hereby informs investors that it has reached an agreement to invest in an Aframax-class vessel, which was built in 2009 at the Hyundai Heavy Industries shipyard, has a deadweight tonnage of 105.599 DWT and is owned by the foreign company “The Great Eastern Shipping Co.”
The vessel will be purchased by the newly established company Y/Amethyst Inc., an indirect subsidiary of the Company, for a total consideration of $44,100,000.
The acquisition will be financed through a combination of equity, a co-investment by Indigo Marine Inc., a direct shareholder of the Company, and bank financing.
Specifically, to pay the purchase price and provide initial working capital, the Company will contribute to Y/Amethyst Inc. through Y/Knot Maritime Inc., its wholly-owned subsidiary, the sum of €12,000,000, while Indigo Marine Inc. will contribute the sum of €8,000,000 to Y/Amethyst Inc. Consequently, Y/Knot Maritime Inc.’s ownership stake in Y/Amethyst Inc. will increase to 60%, and Indigo Marine Inc.’s ownership stake will increase to 40%.
The above arrangement is set forth in detail in a relevant agreement between Y/Knot Maritime Inc. and Indigo Marine Inc., for which, since Indigo Marine Inc. is an affiliated party of the Company, authorization was granted on June 30, 2026, by the Company’s Board of Directors in accordance with Articles 100 and 101 of Law 4548/2018.
It should be noted that during the Company’s recent share capital increase of €22.8 million, the use of the raised funds provided for an amount of up to €11,000,000 for investments in ocean-going vessels and an amount of up to €2,888,000 for working capital.
With regard 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 $23,500,000.