• Pelagic Credit agreed on November 9, 2026, to provide a US$ 30 million mezzanine loan facility to finance two Suezmax tankers.
• The 18-month facility is expected to generate approximately US$ 3 million in distributable earnings from fees and interest.
• The transaction marks the lender's first investment in the crude oil tanker sector.
• The vessels will operate under time charters with a Geneva-headquartered global energy and commodities trading group for the financing's duration.
• Closing is expected in November 2026, subject to customary conditions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Pelagic Credit plc published the original content used to generate this news brief via NewsWeb, the disclosure sustem operated by Euronext Oslo (Ref. ID: 202611090737OSLOBORSNEWS__EN_41C7A0FA2C2D780E8AE368684D059B1), on November 09, 2026, and is solely responsible for the information contained therein.