Company: ASC
Filing Date: 2025-05-07
Form Type: 6-K
Source: 0001558370-25-006618
Chunk: 20

Company: Ardmore Shipping Corp
Filing Date: 2025-05-07
Form: 6-K
Chunk 20
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 months ended March 31, 2025 (2024: $0.2million).The Company recorded an investment of $4.4million, which is included in investments and other assets, net in the condensed consolidated balance sheet as of March 31, 2025.e1 Marine LLC- On June 17, 2021, the Company established a joint venture, e1 Marine LLC, with E1. and an affiliate of Maritime Partners LLC (“MP”), which seeks to deliver E1’s hydrogen delivery system to the marine sector, with each joint venture partner owning33.33% of e1 Marine LLC. In May 2024, the Company sold its33.33% stake in e1 Marine for $1.65million and recognized a gain of $0.5million. This gain is included as a component in loss from equity method investments, in the consolidated statement of operations for the year ended December 31, 2024.​​

#### F-9
Ardmore Shipping Corporation Notes to the Unaudited Interim Condensed Consolidated Financial Statements For the three months ended March 31, 2025 and March 31, 2024 (Expressed in thousands of U.S. Dollars, except for shares and as otherwise stated)

4. Debt

As of March 31, 2025, the Company had loan facilities, which it has used primarily to finance vessel acquisitions or vessels under construction and also for working capital. The Company’s applicable ship-owning subsidiaries have granted first-priority mortgages against the relevant vessels in favor of the lenders as security for the Company’s obligations under the loan facilities, which totaled vessels as of March 31, 2025. ASC and its subsidiary Ardmore Shipping LLC have provided guarantees in respect of the loan facilities and ASC has granted a guarantee over its trade receivables in respect of the ABN AMRO Revolving Facility (as defined below). These guarantees can be called upon following a payment default. The outstanding principal balances on each loan facility as of March 31, 2025 and December 31, 2024 were as follows:

| ​                                        
 ​                                        
 In thousands of U.S. Dollars             | ​ |              ​ 
          As of 
 March 31, 2025 | ​ |                 ​ 
 December 31, 2024 |
|:-----------------------------------------|:--|---------------:|:--|------------------:|
| Nordea/SEB Revolving Facility            | ​ |         20,