Performance Shipping Inc 6-K, filed Jan 13, 2026
Performance Shipping Inc. (PSHG)
6-K
2026-01-13
For: 2026-01-13
View Original
Added on
April 07, 2026
About this 6-K
Performance Shipping Inc filed this 6-K on January 13, 2026.
FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the month of January 2026
Commission File Number: 001-35025
PERFORMANCE SHIPPING INC.
(Translation of registrant's name into English)
373 Syngrou Avenue
175 64 Palaio Faliro
Athens, Greece
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
Form 20-F ☒ Form 40-F ☐
INFORMATION CONTAINED IN THIS FORM 6-K REPORT
Attached to this report (this “Report”) on Form 6-K as Exhibit 99.1 is a copy of the press release of Performance Shipping Inc. (the “Company”) dated January 13, 2026, titled
“Performance Shipping Inc. Announces Successful Placement of USD 50 Million Tap Issue.”
The information contained in this Report on Form 6-K is hereby incorporated by reference into the Company’s registration statement on Form F-3 (File No. 333-197740), filed with the
U.S. Securities and Exchange Commission (the “SEC”) with an effective date of August 13, 2014, the Company’s registration statement on Form F-3 (File No. 333-266946), filed with the SEC with an effective date of August 29, 2022, and the Company’s
registration statement on Form F-3 (File No. 333-271398), filed with the SEC with an effective date of May 4, 2023.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
|
|
PERFORMANCE SHIPPING INC.
|
|
|
(Registrant)
|
|
|
|
|
Dated: January 13, 2026
|
/s/ Andreas Michalopoulos
|
|
|
By: Andreas Michalopoulos
|
|
|
Chief Executive Officer
|
Exhibit 99.1
|
|
Corporate Contact:
|
|
|
Andreas Michalopoulos
|
|
|
Chief Executive Officer, Director and Secretary |
|
|
Telephone: +30-216-600-2400 |
|
|
Email: amichalopoulos@pshipping.com |
|
|
Website: www.pshipping.com |
| For Immediate Release |
|
|
|
Investor and Media Relations:
|
|
|
Edward Nebb |
|
|
Comm-Counsellors, LLC |
|
|
Telephone: + 1-203-972-8350 |
|
|
Email: enebb@optonline.net |
PERFORMANCE SHIPPING INC. ANNOUNCES SUCCESSFUL PLACEMENT OF USD 50 MILLION TAP ISSUE
ATHENS, GREECE - January 13, 2026 -
Performance Shipping Inc. (NASDAQ: PSHG) (“we” or the “Company”), a global shipping company specializing in the ownership of tanker vessels, announced that it has successfully placed a USD 50 million tap issue in its outstanding senior secured
bond due July 17, 2029, with ISIN: NO0013607028 (the "Bonds"), paying a fixed coupon of 9.875% per annum, payable semi-annually in arrears. Following the tap issue, the total
outstanding amount under the Bonds is USD 150 million. The tap issue was priced at 103.00% of par value and was initiated by a reverse inquiry. The tap issue is expected to close on January 26, 2026, subject to customary closing conditions. Net
proceeds from the tap issue will be used for general corporate purposes according to the terms of the Bonds.
The bonds as described in this press release will be offered in the United States or its territories only to persons reasonably believed to be qualified
institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the “U.S. Securities Act”), and sold outside the United States only to non-U.S. persons pursuant to Regulation S under the Securities Act. The bonds will
not be registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. This press release shall not constitute an
offer to sell or the solicitation of an offer to buy any securities of Performance Shipping Inc., nor shall it constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful, and is being issued
in the United States pursuant to and in accordance with Rule 135c under the Securities Act.
About the Company
Performance Shipping Inc. is a global provider of shipping transportation services through its ownership of tanker vessels. The Company employs its fleet on
spot voyages, through pool arrangements, and on time charters.
Cautionary Statement Regarding Forward-Looking Statements
Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor
protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include, but are not limited to, statements concerning plans, objectives, goals,
strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts including with respect to the closing of the tap issue and the Company’s bonds. The words “believe,"
“anticipate," “intends," “estimate," “forecast," “project," “plan," “potential," “will," “may," “should," “expect," “targets," “likely," “would," “could," “seeks," “continue," “possible," “might," “pending” and similar expressions, terms or phrases
may identify forward-looking statements.
The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including,
without limitation, our management’s examination of historical operating trends, data contained in our records and other data available from third parties. Although we believe that these assumptions were reasonable when made, because these
assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these expectations, beliefs, or
projections.
In addition to these important factors, other important factors that, in our view, could cause actual results to differ materially from those discussed in the
forward-looking statements include, but are not limited to: the strength of world economies, fluctuations in currencies and interest rates, general market conditions, including fluctuations in charter rates and vessel values, changes in demand in
the tanker shipping industry, changes in the supply of vessels, changes in worldwide oil production and consumption and storage, changes in our operating expenses, including bunker prices, crew costs, drydocking and insurance costs, our future
operating or financial results, availability of financing and refinancing including with respect to vessels we agree to acquire, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability from
pending or future litigation, general domestic and international political conditions, the length and severity of epidemics and pandemics, including COVID-19, and their impact on the demand for seaborne transportation of petroleum and other types
of products, general domestic and international political conditions or events, including “trade wars”, armed conflicts including the war in Ukraine and the war between Israel and Hamas, the imposition of new international sanctions, acts by
terrorists or acts of piracy on ocean-going vessels, potential disruption of shipping routes due to accidents, labor disputes or political events, vessel breakdowns and instances of off-hires and other important factors. Please see our filings with
the US Securities and Exchange Commission for a more complete discussion of these and other risks and uncertainties.