Performance Shipping (PSHG) seeks Written Resolution to amend $150M bonds 2025/2029

Rhea-AI Filing Summary

Performance Shipping Inc. attached a summons for a Written Resolution to amend the terms of its 9.875% Senior Secured USD 150,000,000 bonds 2025/2029 (ISIN NO0013607028).

The summons is filed as Exhibit 99.1 and was signed by CEO Andreas Michalopoulos on June 12, 2026.

Insights

Credit Analyst

Summons seeks bond‑term changes for the listed senior secured bonds.

The filing attaches a summons for a Written Resolution to amend the terms of the 9.875% Senior Secured USD 150,000,000 bonds 2025/2029 (ISIN NO0013607028). The company signed the filing on June 12, 2026.

Any material effect on creditors or covenant relief depends on the specific amendment text; timing and cash‑flow impacts are not included in the excerpt. Subsequent creditor communications or the Written Resolution text will clarify vote mechanics and the operative changes.

Key Figures

Bond principal: USD 150,000,000 Coupon: 9.875% Maturity window: 2025/2029 +2 more

5 metrics

Bond principal USD 150,000,000 Principal amount of the senior secured bond issue

Coupon 9.875% Stated coupon rate on the bonds

Maturity window 2025/2029 Maturity range cited for the bond series

ISIN NO0013607028 International Securities Identification Number for the bonds

Filing signature date June 12, 2026 Date shown in the signature block for the filing

Key Terms

Written Resolution, Senior Secured Bonds, ISIN

3 terms

Written Resolution regulatory

"Summons for a Written Resolution to amend the terms"

Senior Secured Bonds financial

"9.875% Senior Secured USD 150,000,000 bonds 2025/2029"

Senior secured bonds are loans a company sells to investors that are backed by specific assets and paid back before other creditors if the company fails. Think of them like a mortgage on a house: holders have a legal claim on the pledged assets, which usually makes these bonds safer and offer lower interest than unsecured or junior debt—important to investors because recovery prospects and yields depend on that priority and collateral.

ISIN financial

"ISIN NO0013607028 appears with the bond description"

A 12-character International Securities Identification Number (ISIN) is a unique code that acts like a passport for a specific stock, bond or other tradable security so it can be identified worldwide. Investors and systems use it to ensure they are buying, selling and tracking the exact same instrument across exchanges and data feeds, which prevents costly mix-ups and makes portfolio reporting, settlement and regulatory checks simpler and more reliable.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form CB

TENDER OFFER/RIGHTS OFFERING NOTIFICATION FORM

Please place an X in the box(es) to designate the appropriate rule provision(s) relied upon to file this Form:

Securities Act Rule 801 (Rights Offering)	☐
Securities Act Rule 802 (Exchange Offer)	☒
Exchange Act Rule 13e-4(h)(8) (Issuer Tender Offer)	☐
Exchange Act Rule 14d-1(c) (Third Party Tender Offer)	☐
Exchange Act Rule 14e-2(d) (Subject Company Response)	☐

Performance Shipping Inc.

(Name of Subject Company)

Not Applicable

(Translation of Subject Company’s Name into English (if applicable))

Marshall Islands

(Jurisdiction of Subject Company’s Incorporation or Organization)

Performance Shipping Inc.

(Name of Person(s) Furnishing Form)

USD 150,000,000 9.875% Senior Secured Bonds (ISIN: NO0013607028)

(Title of Class of Subject Securities)

N/A

(CUSIP Number of Class of Securities (if applicable))

Performance Shipping Inc.

373 Syngrou Avenue

175 64 Palaio Faliro

Athens, Greece

+30-216-600-2400

(Name, Address (including zip code) and Telephone Number (including area code)
of Person(s) Authorized to Receive Notices and Communications on Behalf of Subject Company)

N/A

(Date Tender Offer/Rights Offering Commenced)

PART I - INFORMATION SENT TO SECURITY HOLDERS

Item 1. Home Jurisdiction Documents

The following document is attached as an exhibit to this Form CB:

Exhibit Number
99.1	Summons for a Written Resolution

Item 2. Informational Legends

The required legends are prominently included in the document referred to in Item 1.

PART II - INFORMATION NOT REQUIRED TO BE SENT TO SECURITY HOLDERS

(1)   Not applicable.

(2)   Not applicable.

(3)   Not applicable.

PART III - CONSENT TO SERVICE OF PROCESS

(1) Written irrevocable consent and power of attorney on Form F-X is being filed concurrently with the Securities and Exchange Commission on June 12, 2026.

(2) Not applicable.

EXPLANATORY NOTE

Attached as an exhibit to this filing is the summons for a Written Resolution to amend the terms of the Performance Shipping Inc. 9.875% senior secured USD 150,000,000 bonds 2025/2029 (ISIN NO0013607028).

PART IV —SIGNATURES

After due inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

PERFORMANCE SHIPPING INC.

By: /s/ Andreas Michalopoulos

Name: Andreas Michalopoulos

Title: Chief Executive Officer

Dated: June 12, 2026

FAQ

What action did Performance Shipping Inc. (PSHG) file regarding its bonds?

Performance Shipping filed a summons for a Written Resolution to amend bond terms. The filing references the 9.875% Senior Secured USD 150,000,000 bonds 2025/2029 (ISIN NO0013607028) and includes Exhibit 99.1.

Which bond series is affected by the Written Resolution?

The Written Resolution concerns the 9.875% Senior Secured USD 150,000,000 bonds 2025/2029. The issuer and ISIN are stated as Performance Shipping Inc. and NO0013607028 in the filing.

Who signed the filing and when was it dated?

Andreas Michalopoulos, Chief Executive Officer, signed the filing. The signature block shows the filing was dated June 12, 2026, per the attached exhibit section.

Where can I find the specific amendments proposed to the bond terms?

The summons for the Written Resolution is attached as Exhibit 99.1. Review Exhibit 99.1 to see the exact proposed amendments and any vote or consent instructions.