Cyprus, July 22 -- Pelagic Credit Plc (the "Company") is pleased to announce that it has entered into definitive agreements for a pre- and post-delivery financing investment in two 10,000 dwt chemical tankers (the "Vessels"), with an aggregate transaction value of US$24.7 million during the predelivery phase. The transaction marks the Company's first investment in the chemical tanker sector.The financing is structured across two phases. During construction, a US$24.7 million predelivery loan will fund yard progress payments through to delivery, expected to generate approximately US$4.2 million in distributable earnings from fees and interest. The loan is secured by a refund guarantee from an internationally recognized financial institution....