Pelagic Credit Plc
OOSL:PLGC15.70
NOK
+1.00
(+6.80%)
Pelagic Credit Plc
OSL:PLGC
(Euronext Oslo)
Recent
price
15.70
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
USD
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in mil. unless spec.Working Capital
USD
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in mil. unless spec.Growth Rates
USD
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in mil. unless spec.Quarterly Revenue
USD
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in mil. unless spec.Quarterly Earnings Per Share
USD
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Similar Companies
- Business
- Pelagic Credit Plc is a specialized non-bank financial services and maritime credit company that provides asset-backed debt financing, private credit solutions, and structured capital facilities to the global shipping, maritime logistics, and offshore energy industries. The company operates within the specialty finance and maritime asset management sector, targeting small to medium-sized shipowners, vessel operators, and marine transportation enterprises seeking flexible alternatives to traditional bank debt. The company offers a comprehensive portfolio of credit products and structured financing services, which includes senior secured asset-backed loans for second-hand vessel acquisitions, fleet modernization, and existing debt refinancing; mezzanine debt and subordinated credit facilities structured for growth capital and maritime equity co-investments; structured sale-and-leaseback transactions across commercial shipping assets, including dry bulk carriers, product tankers, gas carriers, and offshore support vessels; bridge financing and transitional debt solutions for expedited transaction execution; sustainability-linked and green transition credit facilities funding eco-retrofits, ballast water treatment installations, energy-efficiency enhancements, and dual-fuel propulsion upgrades; and tailored charter-backed working capital lines and customized liquidity solutions secured against long-term employment contracts. Pelagic Credit Plc operates internationally, providing credit and capital deployment across primary shipping hubs in Europe, the Middle East, Asia, and the Americas. Founded in 2020 and headquartered in Limassol, Cyprus, the company maintains close operational integration with its founding asset management platform, Pelagic Partners. In recent developments, Pelagic Credit Plc has significantly expanded its direct lending platform and institutional footprint through the issuance and admission of debt securities on the Euronext / Oslo Børs marketplace. Over the past two years, the company established strategic co-investment alliances with European institutional investors and private credit funds to enhance underwriting capacity and facilitate larger single-ticket transaction sizes. Additionally, the firm launched specialized credit vehicles dedicated to maritime energy transition assets, expanded its direct origination pipeline across Northern Europe and the Mediterranean, and implemented streamlined credit assessment protocols compliant with international maritime decarbonization frameworks, including the Poseidon Principles.