[6-K] Performance Shipping Inc. Current Report (Foreign Issuer)

Rhea-AI Filing Summary

Performance Shipping (PSHG) filed a Form 6-K reporting that it has accepted a signed commitment letter from Alpha Bank A.E. to refinance its existing credit facilities. The document, dated June 24 2025 and furnished to the SEC on June 28 2025, attaches the related press release as Exhibit 99.1.

The company states that, aside from the CEO’s quoted remarks in the press release, all information in the exhibit is incorporated by reference into three effective shelf registration statements on Form F-3 (File Nos. 333-197740, 333-266946, and 333-271398). No financial figures, repayment terms, or maturity schedules are disclosed in the filing, nor are any risk factors, litigation updates, or operating results provided.

The 6-K confirms that PSHG files its annual reports on Form 20-F and bears the signature of Chief Executive Officer Andreas Michalopoulos dated June 27 2025.

Positive

• Acceptance of a signed commitment letter from Alpha Bank A.E. to refinance the company's existing credit facilities, indicating progress toward improved financing arrangements.

Negative

• None.

Insights

Event Analyst

TL;DR: PSHG secures Alpha Bank commitment to refinance existing debt; terms undisclosed, but refinancing generally eases liquidity pressure.

The filing signals that Performance Shipping has obtained a formal commitment from Alpha Bank to replace its current loan facilities. While no dollar amount or covenant details are revealed, acceptance of a signed commitment letter typically means key credit terms have been agreed in principle, reducing execution risk compared with a non-binding term sheet. Because refinancing existing debt can extend maturities and potentially adjust interest spreads, investors often interpret such developments as constructive for near-term liquidity. However, the absence of quantitative detail limits visibility into cost savings or covenant flexibility.

Credit Specialist

TL;DR: Debt profile refresh is positive, but lack of disclosed metrics keeps credit impact unquantified.

The commitment letter indicates lender confidence in PSHG’s creditworthiness, which is noteworthy for a shipping company exposed to cyclical freight rates. Incorporation of the disclosure into three active F-3 shelves also preserves capital-raising flexibility. Yet, without specifics on facility size, tenor, collateral, or pricing, it is impossible to gauge whether the refinancing improves leverage, coverage ratios, or cash flow. Investors should treat the news as directionally positive but reserve judgment until definitive loan documents are filed.

FORM 6-K

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16 of

the Securities Exchange Act of 1934

For the month of June 2025

Commission File Number: 001-35025

PERFORMANCE SHIPPING INC.

(Translation of registrant's name into English)

373 Syngrou Avenue

175 64 Palaio Faliro

Athens, Greece

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

Form 20-F ☒ Form 40-F ☐

INFORMATION CONTAINED IN THIS FORM 6-K REPORT

Attached to this report (this “Report”) on Form 6-K as Exhibit 99.1 is a copy of the press release of Performance Shipping Inc. (the “Company”) dated June 24, 2025, titled “Performance Shipping Inc. Announces Acceptance of a Signed Commitment Letter from Alpha Bank A.E. to Refinance Existing Facilities.”

The information contained in this Report on Form 6-K, excluding the statement in Exhibit 99.1 attributed to the Company’s Chief Executive Officer, is hereby incorporated by reference into the Company’s registration statement on Form F-3 (File No. 333-197740), filed with the U.S. Securities and Exchange Commission (the “SEC”) with an effective date of August 13, 2014, the Company’s registration statement on Form F-3 (File No. 333-266946), filed with the SEC with an effective date of August 29, 2022, and the Company’s registration statement on Form F-3 (File No. 333-271398), filed with the SEC with an effective date of May 4, 2023.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	PERFORMANCE SHIPPING INC.
	(Registrant)
Dated: June 27, 2025	/s/ Andreas Michalopoulos
	By: Andreas Michalopoulos
	Chief Executive Officer

FAQ

What did PSHG disclose in its June 28 2025 Form 6-K?

The company reported that it accepted a signed commitment letter from Alpha Bank A.E. to refinance its existing facilities.

Which bank provided the refinancing commitment to Performance Shipping (PSHG)?

Alpha Bank A.E. issued the commitment letter.

Is the information in the press release incorporated into PSHG’s securities registration statements?

Yes. All information in Exhibit 99.1, except the CEO’s quoted statement, is incorporated by reference into the company’s three Form F-3 shelves (File Nos. 333-197740, 333-266946, 333-271398).

Does the 6-K include financial statements or debt terms?

No. The filing does not provide financial tables, loan amounts, interest rates, or maturity schedules.

Under which form does Performance Shipping file its annual report?

The company indicated it files annual reports under Form 20-F.