Company: ASC
Filing Date: 2025-11-05
Form Type: 6-K
Source: 0001104659-25-106687
Chunk: 26

Company: Ardmore Shipping Corp
Filing Date: 2025-11-05
Form: 6-K
Chunk 26
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 the credit facility was further amended to convert the entire term loan outstanding balance under the facility into the revolving credit facility. The revolving credit facility was prepaid on July 23, 2025 and refinanced with the $ 350million Revolving Credit Facility described above, which was accounted for as a modification. Former Nordea/SEB Revolving Facility On August 5, 2022, 12of ASC’s subsidiaries entered into a $ 185million sustainability-linked revolving credit facility with Nordea and SEB (the “Nordea / SEB Revolving Facility”), the proceeds of which were used to refinance 12vessels, including sixvessels financed under lease arrangements. Interest was calculated at a rate of SOFRplus 2.5%. The revolving facility could be drawn down or repaid with five days’ notice. On July 23, 2025, the majority of this revolving credit facility was prepaid and refinanced through the $ 350million Revolving Credit Facility. The refinancing was accounted for as a modification. At the date of refinancing, the outstanding balance of $ 10million was transferred to the $ 350million Revolving Credit Facility. $ 15 million Working Capital Facility On August 20, 2025, the Company entered into an amended sustainability-linked $ 15million working capital facility with ABN (the “$ 15million Working Capital Facility”) to fund working capital. Interest under this facility is calculated at a rate of SOFRplus 3.9%. Interest payments are payable on a quarterly basis. The facility matures in August 2030. As of September 30, 2025, $ 6.1million of the revolving credit facility was drawn down, with $ 8.9million undrawn.

<div align='center'>F-11</div>

Ardmore Shipping Corporation Notes to the Unaudited Interim Condensed Consolidated Financial Statements For the nine months ended September 30, 2025 and September 30, 2024 (Expressed in thousands of U.S. Dollars, except for shares and as otherwise stated)

4. Debt (continued)

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