Company: ASC
Filing Date: 2025-07-30
Form Type: 6-K
Source: 0001558370-25-009775
Chunk: 26

Company: Ardmore Shipping Corp
Filing Date: 2025-07-30
Form: 6-K
Chunk 26
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 new sustainability-linked $ million revolving credit facility with ABN AMRO (the “ABN AMRO Revolving Facility”) to fund working capital. Interest under this facility is calculated at a rate of SOFR plus %. Interest payments are payable on a quarterly basis. The facility matures in August 2026 with a further option for extension. As of June 30, 2025, of the revolving credit facility was drawn down, with $ million undrawn.

Long-term debt financial covenants

The Company’s existing long-term debt facilities described above include certain covenants. The financial covenants require that the Company:

| ● | maintain minimum solvency of not less than 30%; |

| ● | maintain minimum cash and cash equivalents (of which at least 60% of such minimum amount is held in cash. The remaining 40% can include cash and cash equivalents undrawn under the revolving facilities), based on the |

number of vessels owned and chartered-in and % of outstanding debt; the required minimum cash and cash equivalents as of June 30, 2025 was $ million;

| ● | ensure that the aggregate fair market value of the applicable vessels plus any additional collateral is, depending on the facility, no less than 130% of the debt outstanding for the applicable facility; |

| ● | maintain an adjusted net worth of not less than $200 million; and |

| ● | maintain positive working capital, excluding current portion of debt and leases, balloon repayments and amounts outstanding under the ABN AMRO Revolving Facility, provided that the facility has a remaining maturity of more than three months. |

The Company was in compliance with all of its long-term debt financial covenants as of June 30, 2025 and December 31, 2024.

F-11

<div align='center'>Ardmore Shipping Corporation

Notes to the Unaudited Interim Condensed Consolidated Financial Statements

For the six months ended June 30, 2025 and June 30, 2024

(Expressed in thousands of U.S. Dollars, except for shares and as otherwise stated)</div>

5. Leases CMBFL / Shandong On June 25, 2021, twoof ASC’s subsidiaries entered into an agreement for the sale and leaseback (under a finance lease arrangement) of the Ardmore Seawolfand Ardmore Seahawkwith CMB Financial Leasing Co., Ltd (“CMBFL”) / Shandong, resulting in gross