Castor Maritime Secures $50M Loan and Redeems Preferred Shares

Castor Maritime ( (CTRM) ) has issued an update.

Castor Maritime Inc. announced the signing of a $50 million sustainability-linked senior term loan facility with a European bank, secured by a first priority mortgage over four of its dry bulk vessels. The loan, which has a five-year term, will support general corporate purposes and includes interest adjustments based on sustainability performance targets. Additionally, on October 13, 2025, Castor completed the full redemption of its Series E Preferred Shares, selling them to Toro Corp. for $60 million. This transaction, approved by both companies’ boards, results in the cancellation of the shares, impacting Castor’s financial structure and shareholder equity.

The most recent analyst rating on (CTRM) stock is a Hold with a $2.00 price target. To see the full list of analyst forecasts on Castor Maritime stock, see the CTRM Stock Forecast page.

Spark’s Take on CTRM Stock

According to Spark, TipRanks’ AI Analyst, CTRM is a Neutral.

Castor Maritime’s overall stock score reflects a combination of financial stability due to a strong balance sheet and low leverage, offset by declining revenue, profitability, and cash flow challenges. Technical indicators suggest a neutral to slightly bearish outlook, while the valuation is unattractive due to a negative P/E ratio and lack of dividend yield. The absence of earnings call data and corporate events further limits the assessment.

To see Spark’s full report on CTRM stock, click here.

More about Castor Maritime

Castor Maritime Inc. operates in the maritime shipping industry, focusing on the transportation of dry bulk goods. The company is involved in the ownership and operation of a fleet of dry bulk vessels, serving global markets.

Average Trading Volume: 35,755

Technical Sentiment Signal: Sell

Current Market Cap: $20.19M

See more data about CTRM stock on TipRanks’ Stock Analysis page.