DealsNov 5, 2026, 09:31 AM
StealthGas Inc. to Acquire Four Vessels for $254.6M; Stockholder Approval Required
AI Summary
StealthGas Inc. has entered into a Memorandum of Agreement (MOA) to acquire four vessels through special purpose vehicles (SPVs). The total purchase price for the four vessels, built between 2023 and 2026, is USD 254,593,270. The expected delivery for these vessels is between March and September 2027. Notably, the buyers have the option to defer payment for up to one year interest-free after the MOA date. The acquisition is subject to StealthGas Inc. obtaining approval from its common stockholders.
Key Highlights
- StealthGas Inc. (via SPVs) to acquire four vessels: Eco Merlin, Eco Enchanted, Eco Texiana, and Eco Nebula.
- Total purchase price for the four vessels is USD 254,593,270.
- Vessels built between 2023 and 2026 in South Korea and Japan.
- Expected delivery of vessels between March and September 2027.
- Buyers have the option to pay for the vessels up to 1 year after the MOA date, interest-free.
Price Impact
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