UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-Ok
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13A-16 OR 15D-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
For the month of Could 2021
Fee File Quantity: 001-38802
CASTOR MARITIME INC.
(Translation of registrant’s title into English)
223 Christodoulou Chatzipavlou Avenue, Hawaii Royal Gardens, 3036 Limassol, Cyprus
(Handle of principal government workplace)
Point out by examine mark whether or not the registrant information or will file annual stories below cowl of Kind 20-F or Kind 40-F.
Kind 20-F ⌧ Kind 40-F ☐
Point out by examine mark if the registrant is submitting the Kind 6-Ok in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Word: Regulation S-T Rule 101(b) (1) solely permits the submission in paper of a Kind 6-Ok if submitted solely to offer an
connected annual report back to safety holders.
Point out by examine mark if the registrant is submitting the Kind 6-Ok in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
Word: Regulation S-T Rule 101(b)(7) solely permits the submission in paper of a Kind 6-Ok if submitted to furnish a report or
different doc that the registrant overseas personal issuer should furnish and make public below the legal guidelines of the jurisdiction through which the registrant is included, domiciled or legally organized (the registrant’s “dwelling nation”), or below the principles of
the house nation trade on which the registrant’s securities are traded, so long as the report or different doc just isn’t a press launch, just isn’t required to be and has not been distributed to the registrant’s safety holders, and, if discussing a
materials occasion, has already been the topic of a Kind 6-Ok submission or different Fee submitting on EDGAR.
INFORMATION CONTAINED IN THIS FORM 6-Ok REPORT
Connected to this report on Kind 6-Ok as Exhibit 99.1 is a duplicate of the press launch issued by Castor Maritime Inc. (the “Firm”) on Could 10, 2021, saying
that the Firm, by way of separate wholly-owned subsidiaries, has closed and drawndown on an $18.0 million senior time period mortgage facility.
The knowledge contained on this report on Kind 6-Ok and the exhibit connected hereto are hereby included by reference into the Firm’s registration
statements on Kind F-3 (File Nos. 333-238990, 333-240262 and 333-254977) that had been declared efficient on September 23, 2020, September 23, 2020 and April 1, 2021, respectively.
SIGNATURES
Pursuant to the necessities of the Securities Alternate Act of 1934, the registrant has duly brought on this report back to be signed on its behalf by the undersigned, thereunto duly
licensed.
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CASTOR MARITIME INC. |
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Dated: Could 11, 2021 |
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By: |
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/s/ Petros Panagiotidis |
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Petros Panagiotidis Chairman, Chief Govt Officer and Chief Monetary Officer |
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Exhibit 99.1
Castor Maritime Inc. Broadcasts $18.0 Million Debt Financing
by way of two of its ship-owning subsidiaries, of a $18.0 million senior time period mortgage facility with a European financial institution (the “$18.0 Million Financing”), secured by two of its tanker vessels. The Firm intends to make use of the web proceeds from the $18.0 Million
Financing for normal company functions, together with supporting the Firm’s progress plans.
The $18.0 Million Financing has a tenor of 4 years and bears curiosity at LIBOR plus 3.20% every year.
About Castor Maritime Inc.
Castor Maritime Inc. is a world supplier of shipping transportation providers by way of its possession of oceangoing cargo vessels.
On a completely delivered foundation, Castor will personal a fleet of 24 vessels, with an combination capability of two.1 million dwt, consisting of 1 Capesize, 7 Kamsarmax and eight Panamax dry bulk
vessels, in addition to 1 Aframax, 5 Aframax/LR2 and a pair of MR1 tankers. The place we discuss with data on a “absolutely delivered foundation”, we’re referring to such data after giving impact to the profitable consummation of our latest vessel acquisitions.
For extra data please go to the Firm’s web site at www.castormaritime.com Info on our web site doesn’t represent part of this press launch.
Cautionary Assertion Relating to Ahead-Trying Statements
Issues mentioned on this press launch could represent forward-looking statements. The Non-public Securities Litigation Reform Act of 1995 supplies protected harbor protections for
forward-looking statements with a purpose to encourage corporations to offer potential details about their enterprise. Ahead-looking statements embrace statements regarding plans, targets, targets, methods, future occasions or efficiency, and
underlying assumptions and different statements, that are apart from statements of historic information. We want to make the most of the protected harbor provisions of the Non-public Securities Litigation Reform Act of 1995 and are together with this cautionary
assertion in reference to this protected harbor laws. The phrases “imagine”, “anticipate”, “intend”, “estimate”, “forecast”, “challenge”, “plan”, “potential”, “will”, “could”, “ought to”, “count on”, “pending” and related expressions establish
forward-looking statements. The forward-looking statements on this press launch are primarily based upon numerous assumptions, lots of that are primarily based, in flip, upon additional assumptions, together with with out limitation, our administration’s examination of historic
working traits, information contained in our data and different information obtainable from third events. Though we imagine that these assumptions had been affordable when made, as a result of these assumptions are inherently topic to vital uncertainties and
contingencies that are troublesome or inconceivable to foretell and are past our management, we can not guarantee you that we are going to obtain or accomplish these expectations, beliefs or projections. We undertake no obligation to replace any forward-looking
assertion, whether or not on account of new data, future occasions or in any other case. Along with these vital components, different vital components that, in our view, might trigger precise outcomes to vary materially from these mentioned within the
forward-looking statements embrace normal dry bulk and tanker shipping market circumstances, together with fluctuations in constitution rent charges and vessel values, the power of world economies the steadiness of Europe and the Euro, fluctuations in curiosity
charges and overseas trade charges, adjustments in demand within the dry bulk and tanker shipping trade, together with the marketplace for our vessels, adjustments in our working bills, together with bunker costs, dry docking and insurance coverage prices, adjustments in
governmental guidelines and laws or actions taken by regulatory authorities, potential legal responsibility from pending or future litigation, normal home and worldwide political circumstances, potential disruption of shipping routes because of accidents or
political occasions, the size and severity of the COVID-19 outbreak, the impression of public well being threats and outbreaks of different extremely communicable ailments, the impression of the anticipated discontinuance of LIBOR after 2021 on rates of interest of our debt
that reference LIBOR, the supply of financing and refinancing and develop our enterprise, vessel breakdowns and cases of off-hire, potential publicity or loss from funding in by-product devices, potential conflicts of curiosity involving
our Chief Govt Officer, his household and different members of our senior administration, and our capability to finish acquisition transactions as deliberate. Please see our filings with the Securities and Alternate Fee for a extra full dialogue of
these and different dangers and uncertainties. The knowledge set forth herein speaks solely as of the date hereof, and we disclaim any intention or obligation to replace any forward-looking statements on account of developments occurring after the date of
this communication.
CONTACT DETAILS
For additional data please contact:
Petros Panagiotidis
Castor Maritime Inc.
E mail: [email protected]
Media Contact:
Kevin Karlis
Capital Hyperlink
E mail: [email protected]
