Costamare announced on Tuesday that it successfully concluded a refinancing drive that sees the Greek containership company pushing back all its major debt repayments to 2024 and beyond.

The US-listed shipowner announced in a statement it reached two new loan agreements over a total $140m. Combined with similar deals recently, Costamare raised more than $435m in new loans since the beginning of the year and extended debt maturities of about $240m.