fac-061 · Revolving credit

Alcyon Shipping Ltd

Facility

Revolving credit

Currency: AED
Commitment: AED 46.8m
Drawn: AED 25.7m
Undrawn: AED 21.1m
EAD: €8.6m
CCF: 40%
Margin: 520 bps
Maturity: 25 October 2026
Tenor: 6 months

Covenant monitoring

0 breached, 0 within 10% of the threshold

ICR

Direction: Minimum Threshold: 2.46 Current: 2.72 Next test: 30 Jun 2026Quarterly

Collateral

Net of supervisory haircuts

Collateral

Currency

Valuation

Valuation (EUR)

Haircut

Net value

Last valued

Basis

Equipment

AED

AED 43.5m

€10.9m

49%

€5.5m

22 Jan 2025

Internal model

Equipment

AED

AED 29.4m

€7.4m

33%

€4.9m

17 Nov 2025

Independent appraisal

Total

€10.4m

Tenor

6 months

Quarter

Commitment

Drawn

Undrawn

Δ Drawn

Utilisation

2026-Q1

AED 46.8m

AED 25.7m

AED 21.1m

n/a

55%

2026-Q2

AED 46.8m

AED 25.7m

AED 21.1m

AED 0

55%

2026-Q3

AED 0

-AED 25.7m