Pyxis Tankers wields $52M cash, $45M loan for potential fleet growth
Pyxis Tankers has strengthened its financial position through recent loan refinancings, generating $9.9 million in net proceeds and reducing interest rates. The company now boasts $52.0 million in unrestricted cash and a $45.0 million committed loan facility, which it plans to use for fleet expansion. Additionally, Pyxis is actively repurchasing its common shares and has updated Q1 2026 chartering activities for its MR product tankers and dry bulk vessels, reflecting healthy market conditions despite some seasonal softness.
https://www.stocktitan.net/news/PXS/pyxis-tankers-announces-updates-on-loan-agreements-common-share-mzd3397a5q1q.html