Toro Corp. Announces $60.0 Million Revolving Credit Facility

Limassol, Cyprus - April 2, 2026

Toro Corp. (NASDAQ: TORO), ("Toro" or the "Company"), a global energy transportation services provider, today announced the signing of a $60.0 million revolving credit facility (the "Facility") with a leading European Financial Institution.

The Facility has a tenor of five years, bears interest at a rate of Term SOFR plus a margin, and will be secured by, among others, a first priority mortgage over four of the Company's vessels.

The net proceeds from the Facility are expected to be used for general corporate purposes.

About Toro Corp.
Toro Corp. is a global energy transportation services provider, operating a modern fleet of oceangoing vessels.

The Company's fleet comprises two LPG carriers and one MR tanker vessel that transport petrochemical gases and refined petroleum products worldwide.

Toro is incorporated under the laws of the Republic of the Marshall Islands. The Company's common shares trade on the Nasdaq Capital Market under the symbol "TORO".

For more information, please visit the Company's website at www.torocorp.com. Information on our website does not constitute a part of this press release.

Toro Corp., press release