Performance Shipping has agreed to amend its financing agreement with Nordea, extending the facility's maturity by four years and lowering its borrowing margin.
Under the revised terms, the annual borrowing margin has been reduced from 2.50% to 1.60%.
The extension period begins from the effective date of the amendment, providing the company with longer-term visibility on its debt obligations.
The restructuring of the facility comes as Nordic and Greek shipping companies have delivered strong returns in the first half of 2026, outperforming benchmark indices.
The sector's resilience has been driven by sustained freight rate rallies, which have improved cash flows and balance sheet positions for major operators.
By securing more favorable financing terms, Performance Shipping reduces its near-term refinancing risk.