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Rubico Inc. ( (RUBI) ) has issued an announcement.
Rubico Inc. announced on August 19, 2025, that it has entered into two sale and leaseback financing agreements with a major Chinese financier for two Suezmax tankers, Eco West Coast and Eco Malibu, expected to conclude in December 2025. The agreements, totaling $84 million, will refinance existing facilities and support working capital, with a ten-year duration and options to repurchase the vessels. This move is expected to enhance Rubico’s financial flexibility and strengthen its market position, though it involves cross-default provisions linked to TOP Ships Inc.’s agreements.
More about Rubico Inc.
Rubico Inc. operates in the maritime industry, focusing on the management and operation of Suezmax tankers. The company is involved in the transportation of crude oil and refined petroleum products, primarily serving global markets.
Average Trading Volume: 817,997
See more insights into RUBI stock on TipRanks’ Stock Analysis page.