The remaining terms and conditions of this credit facility, including financial covenants, are similar to those set forth in the Company's existing credit facilities. The Company expects to draw $37.7 million under this facility before the end of the fourth quarter of 2023, and the remaining $183.6 million within the first quarter of 2024. (3) In September 2023, the Company executed its previously announced 2023 $94.0 Million Credit Facility. Upon execution of the credit facility, the Company drew $43.8 million and two vessels (one MR and one LR2) were placed as collateral under the facility. In October 2023, the Company drew $50.2 million and two vessels (two LR2s) were placed as collateral under the facility. Each tranche of the facility has a final maturity five years from the respective drawdown date and bears interest at SOFR plus a margin of 1.70% per annum. The facility is scheduled to be repaid in aggregate repayments of $2.4 million per quarter with a balloon payment due maturity.