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10/02/2017Press Releases

Seanergy Maritime Holdings Corp. Announces Successful Closing of Previously Announced Vessel Refinancing Resulting in a Material Gain of $11.4 Million

October 2, 2017 - Athens, Greece - Seanergy Maritime Holdings Corp. (the “Company”) (NASDAQ: SHIP), announced today the closing of its previously-announced early termination of a credit facility of one of its Capesize vessels and successful refinancing with a new senior secured credit facility. 

Stamatis Tsantanis, the Company's Chairman & Chief Executive Officer, stated: “The closing of the previously announced refinancing is a further positive step forward for Seanergy. This series of transactions has resulted in an $11.4 million equity accretion for our shareholders which represents the unlocking of value equal to approximately 25% of our current market value. We will continue to look for opportunities in the market to execute on.”
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