Core Points - Rubico Inc. has successfully closed sale and leaseback financing agreements with a major Chinese financier for refinancing two Suezmax tankers, Eco West Coast and Eco Malibu [1][5] - The gross proceeds from the financing agreements amounted to approximately $10.4 million after repayment of previous debt and related expenses [2] - The refinancing of each tanker is set at $42.0 million, with specific terms for bareboat charter and purchase obligations outlined for both vessels [3][4] Financing Details - The SLB for M/T Eco West Coast includes a bareboat charter for ten years at monthly installments of $0.18 million, with a purchase obligation of $20.0 million at the end of the charter [3] - The SLB for M/T Eco Malibu includes a bareboat charter for ten years at monthly installments of $0.19 million, with a purchase obligation of $19.0 million at the end of the charter [4] - Both financing agreements maintain a conservative leverage ratio of about 50% for the fleet [3] Company Overview - Rubico Inc. specializes in the ownership and operation of modern, fuel-efficient Suezmax tankers, with a focus on eco-friendly shipping solutions [6] - The company is incorporated in the Republic of the Marshall Islands and operates from Athens, Greece, with shares traded on the Nasdaq Capital Market under the symbol "RUBI" [6]