Seanergy Maritime (NASDAQ: SHIP) prices €100M bond due 2031 at 4.90%
Rhea-AI Filing Summary
Seanergy Maritime Holdings Corp. has priced an offering of €100 million in unsecured corporate bonds to investors in Greece, which will trade on the Fixed Income Securities Segment of Euronext Athens. The bonds mature in July 2031, were issued at par and carry a 4.90% annual coupon, payable semi-annually.
Settlement is expected on July 10, 2026, with trading anticipated to start on July 13, 2026. Net proceeds, after estimated offering expenses of about €4.4 million, are expected to finance part of the cost of newbuilding or second-hand vessel acquisitions and for general corporate and working capital purposes.
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Insights
Seanergy adds €100M fixed-rate debt to fund fleet growth and working capital.
Seanergy Maritime is issuing €100 million in unsecured bonds, maturing in July 2031 with a fixed 4.90% coupon, listed on Euronext Athens. This extends its debt maturity profile and diversifies funding sources beyond bank and U.S. capital markets.
The company plans to use proceeds for newbuilding and second-hand vessel purchases and general corporate and working capital needs, aligning the financing with fleet expansion. Offering expenses of about €4.4 million modestly reduce net proceeds. Actual balance-sheet impact will depend on how quickly funds are deployed into income-generating vessels.
Key Figures
Bond size: €100 million
Coupon rate: 4.90% per annum
Maturity: July 2031
+3 more
6 metrics
Bond size
€100 million
Unsecured bonds offered to investors in Greece
Coupon rate
4.90% per annum
Annual coupon on bonds, payable semi-annually
Maturity
July 2031
Bond maturity date
Offering expenses
€4.4 million
Estimated expenses related to bond issuance
Current fleet size
19 vessels
2 Newcastlemax and 17 Capesize; ~3,463,843 dwt
Expected fleet size
24 vessels
3 Newcastlemax and 21 Capesize; ~4,400,390 dwt
Key Terms
unsecured bonds, Fixed Income Securities Segment, general corporate and working capital purposes, forward-looking statements, +2 more
6 terms
unsecured bonds financial
"announced today the pricing of the offering of €100 million of unsecured bonds"
Unsecured bonds are loans a company issues that are not backed by specific assets or collateral; investors rely on the issuer’s promise to pay rather than a claim on property if the company fails. They matter to investors because they carry higher risk than secured debt—so issuers usually pay higher interest—but also sit behind secured creditors in repayment order, which affects potential recovery if the issuer defaults.
Fixed Income Securities Segment financial
"The Bonds will be admitted to trading on the Fixed Income Securities Segment of Euronext Athens"
general corporate and working capital purposes financial
"as well as for general corporate and working capital purposes"
forward-looking statements regulatory
"This press release contains forward-looking statements"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
Capesize vessels technical
"Seanergy provides marine dry bulk transportation services through a modern fleet of Capesize vessels"
dwt technical
"an aggregate cargo carrying capacity of approximately 3,463,843 dwt"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What type of financing did Seanergy Maritime (SHIP) announce in this 6-K?
Seanergy Maritime announced the pricing of an unsecured corporate bond offering totaling €100 million. The bonds are issued to investors in Greece and will trade on the Fixed Income Securities Segment of Euronext Athens, providing the company with long-term, fixed-rate capital in euro currency.
What are the key terms of Seanergy Maritime’s new €100 million bond?
The new bonds total €100 million, mature in July 2031, are issued at par, and carry a fixed annual coupon of 4.90% payable semi-annually. Settlement is expected on July 10, 2026, with trading anticipated to begin on July 13, 2026 on Euronext Athens.
How will Seanergy Maritime (SHIP) use the proceeds from the bond issue?
Seanergy expects to use the bond proceeds to finance part of the cost of newbuilding vessels and second-hand vessel acquisitions. Remaining funds are earmarked for general corporate and working capital purposes, supporting the company’s broader fleet growth and operational funding needs.
What are the estimated offering expenses for Seanergy Maritime’s €100 million bond?
Offering expenses are estimated at approximately €4.4 million. These costs reduce the net cash received by Seanergy from the €100 million gross issuance, but are typical for a capital markets transaction involving listing, underwriting, legal, and related professional services fees.
Where will Seanergy Maritime’s new bonds be traded and who are the target investors?
The bonds will be admitted to trading on the Fixed Income Securities Segment of Euronext Athens. The offering is directed to investors in Greece, and the bonds are not registered under the U.S. Securities Act, limiting access for investors located in the United States.
What does Seanergy Maritime’s fleet look like before and after planned vessel changes?
Seanergy currently owns or finance leases 19 vessels, including 2 Newcastlemax and 17 Capesize ships, with about 3,463,843 dwt of capacity. After selling the M/V Dukeship and adding newbuildings, it is expected to control 24 vessels with roughly 4,400,390 dwt of carrying capacity.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR
15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of July 2026
Commission File Number: 001-34848
SEANERGY MARITIME HOLDINGS CORP.
(Translation of registrant’s name into English)
154 Vouliagmenis Avenue
166 74 Glyfada
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.
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Form 20-F ☒
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Form 40-F ☐
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INFORMATION CONTAINED IN THIS REPORT ON FORM 6-K
Attached to this report (this “Report”) on Form 6-K as Exhibit 99.1 is a copy of the press release of Seanergy Maritime Holdings Corp. (the “Company”) dated July 8, 2026, titled
“Seanergy Maritime Announces Pricing of €100 Million Unsecured Corporate Bond trading on Euronext Athens.”
This Report on Form 6-K and the exhibit hereto, excluding the statements attributed to the Company’s Chairman & Chief Executive Officer, are hereby incorporated by reference into
the Company’s Registration Statements on Form F-3 (File Nos. 333-280792, 333-253332, 333-238136, 333-166697 and 333-169813).
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.
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Date: July 8, 2026
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SEANERGY MARITIME HOLDINGS CORP.
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By:
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/s/ Stamatios Tsantanis
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Name:
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Stamatios Tsantanis
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Title:
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Chief Executive Officer
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Exhibit 99.1
Seanergy Maritime Announces Pricing of €100 Million Unsecured Corporate Bond trading on Euronext Athens
July 8, 2026 – Glyfada, Greece – Seanergy Maritime Holdings Corp. (the “Company” or “Seanergy”) (NASDAQ: SHIP) announced today the pricing of the offering of €100 million of
unsecured bonds (the “Bonds”) to investors in Greece. The Bonds will be admitted to trading on the Fixed Income Securities Segment of Euronext Athens Holding S.A. (“Euronext Athens”).
The Bonds mature in July 2031, were issued at par and carry a coupon of 4.90% per annum, payable semi-annually. Settlement is expected on July 10, 2026 and trading is expected to commence on July 13, 2026.
The proceeds are expected to be used to finance part of the cost of newbuilding vessels and/or second-hand vessel acquisitions, as well as for general corporate and working capital purposes. Offering expenses are
estimated at approximately €4.4 million.
Stamatis Tsantanis, the Company’s Chairman & Chief Executive Officer, stated:
“We are very pleased with the successful completion of this offering, which represents an important milestone for Seanergy in the Hellenic capital markets.
“We sincerely thank the Hellenic investment community for its strong confidence in our strategy and long-term prospects.
“The Bonds provide meaningful non-dilutive capital, diversifying further our capital structure, while supporting the disciplined execution of our fleet growth strategy.”
The Bonds have not been and will not be registered under the Securities Act of 1933, as amended or the securities laws of any state of the United States, and, subject to certain exceptions, may not be offered or
sold within the United States. The offering of Bonds is not directed to, and may not be accessed by, any person located in the United States. This press release does not constitute an offer to sell or the solicitation of an offer to buy the
Bonds, nor shall it constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful.
About Seanergy Maritime Holdings Corp.
Seanergy Maritime Holdings Corp. is a prominent pure-play Capesize shipping company publicly listed in the U.S. Seanergy provides marine dry bulk transportation services through a modern fleet of Capesize vessels.
The Company owns or finance leases 19 vessels (2 Newcastlemax and 17 Capesize) with an average age of approximately 15.0 years and an aggregate cargo carrying capacity of approximately 3,463,843 dwt. Upon completion of the sale of the M/V Dukeship
and the delivery of the newbuilding vessels, the Company is expected to own or finance lease 24 vessels (3 Newcastlemax and 21 Capesize), with an aggregate cargo carrying capacity of approximately 4,400,390 dwt.
The Company is incorporated in the Republic of the Marshall Islands and has executive offices in Glyfada, Greece. The Company's common shares trade on the Nasdaq Capital Market under the symbol “SHIP”.
Please visit our company website at: www.seanergymaritime.com
Forward-Looking Statements
This press release contains forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) concerning future
events, including with respect to the consummation of and use of proceeds of the offering of Bonds. Words such as “may”, “should”, “expects”, “intends”, “plans”, “believes”, “anticipates”, “hopes”, “estimates” and variations of such words and
similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks and are based upon a number of assumptions and estimates, which are inherently subject to significant uncertainties and
contingencies, many of which are beyond the control of the Company. Actual results differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are
not limited to, the Company’s operating or financial results; the Company’s liquidity, including its ability to service its indebtedness; competitive factors in the market in which the Company operates; shipping industry trends, including charter
rates, vessel values and factors affecting vessel supply and demand; future, pending or recent acquisitions and dispositions, business strategy, impacts of litigation, areas of possible expansion or contraction, and expected capital spending or
operating expenses; risks associated with operations outside the United States; risks arising from trade disputes between the U.S. and China, including the re-imposition of reciprocal port fees; broader market impacts arising from trade disputes or
war (or threatened war) or international hostilities, such as between the U.S. and Israel and Iran, the U.S. and Venezuela, China and Taiwan and Russia and Ukraine; risks associated with the length and severity of pandemics; and other factors
listed from time to time in the Company’s filings with the SEC, including its most recent annual report on Form 20-F. The Company’s filings can be obtained free of charge on the SEC’s website at www.sec.gov. Except to the extent required by law,
the Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in
events, conditions or circumstances on which any statement is based.
For further information please contact:
Seanergy Investor Relations
Tel: +30 213 0181 522
E-mail: ir@seanergy.gr
Capital Link, Inc.
Paul Lampoutis
230 Park Avenue Suite 1540
New York, NY 10169
Tel: (212) 661-7566
E-mail: seanergy@capitallink.com
Anna Wichmann
Capital Link Athens
Tel: +30 210 6109 800
E-mail: seanergy@capitallink.com