2020 Bulkers Ltd. (2020) - Refinancing of Term Loan Facility completed

Hamilton, Bermuda - December 9, 2021

Reference is made to the stock exchange notice on November 19, 2021, where the Company announced the refinancing of the US$180 million Term Loan Facility maturing in August 2024.

The refinancing has now been completed and the previous Term Loan Facility has been replaced with a new US$162.5 million Term Loan Facility maturing in March 2027.

About 2020 Bulkers Ltd.:
2020 Bulkers has eight Newcastlemax dry bulk vessels in operation.

All vessels are fitted with exhaust scrubber systems.

2020 Bulkers Limited press release