Celestyal has announced the successful completion of a major refinancing initiative, replacing its original vessel acquisition funding with a more efficient financing model.

This milestone marks a significant step forward in Celestyal’s growth plans, substantially lowering the company’s cost of capital and unlocking additional flexibility to reinvest in its fleet, product and commercial operations.

Marios Theodosiou, Chief Financial Officer at Celestyal, said: “This refinancing marks a powerful endorsement of the progress we’ve made to evolve and fuel Celestyal’s ambitious development strategy. From a full fleet renewal and more sustainable operations, to expanding our commercial footprint, launching year-round operations, and announcing our sailing programme further ahead than ever before, we’ve demonstrated our ability to transform at pace.

“It also signals growing confidence in Celestyal’s long-term business model, underpinned by improved profitability, enhanced financial resilience and consistent operational delivery.

“We are well-positioned to continue delivering on our strategic ambitions with a strong financial foundation, including diversifying source markets and expanding into new regions, accelerating the next stage of our growth.”