Globus Maritime (GLBS) investor relations material

Executive summary

• Entered into a $25 million term loan facility with Marguerite Maritime S.A. to finance a 64,000 DWT bulk carrier, with Globus Maritime Limited as guarantor and Thalia Shipholding S.A. as borrower.

• Facility is for the acquisition of a new vessel, with the loan available up to December 29, 2026, and subject to standard conditions precedent.

• The loan is structured as a dollar term loan, with a maximum amount of $25 million, and is not revolving.

Financial highlights

• The loan is repayable in 20 consecutive quarterly installments of $321,000 each, with a balloon payment of $18,580,000 due with the final installment.

• Interest is calculated at Term SOFR plus a margin of 2.175% per annum, with default interest at an additional 2% per annum.

• The facility includes upfront fees totaling $375,000, payable in two tranches.

• Prepayment is allowed with a 1% fee if made within 24 months of utilization, except in certain mandatory prepayment scenarios.

Outlook and guidance

• The facility is intended to support the expansion of the fleet with a new, fuel-efficient bulk carrier, aligning with the company’s growth strategy.

• The loan agreement includes standard covenants, including minimum security cover of 120% of the outstanding loan, and restrictions on additional indebtedness and asset disposals.