Search results for: debt repayments

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A list of search results

  • 19 May 2017
    Business & Finance

    Greece-based Pyxis Tankers has reached a preliminary agreement with one its lenders to extend the maturity of the loans related to two of the company’s vessels. Under the agreement, the company will extend USD 25 million of its outstanding debt, which amounts to USD 68.4 million, for an additional four years until September 2022. “Once this amendment […]

  • 25 January 2016
    Business & Finance

    Horrendous market conditions especially in the dry bulk shipping industry continue to exert the limitations of dry bulk owners the latest victim being Goldenport Holdings Inc. Namely, the Athens-based owner and operator of a fleet of dry bulk and container vessels, announced suspension of debt servicing as of 22 January 2016. “The economics of the […]

  • 3 January 2019

    French offshore vessel provider Bourbon has renewed a general waiver with its leasers and debt holders representing the majority of the group’s debt.

  • 7 July 2016
    Business & Finance

    Due to a prolonged period of slowdown in the shipping industry, South Korea’s cash-strapped company Hanjin Shipping has started negotiations with local and financial companies in an effort to delay the repayment of its debt, according to Yonhap News Agency. Namely, the shipping line is trying to push the repayment of its KRW 2.5 trillion (USD […]

  • 16 April 2020
    Authorities & Government, Business & Finance, Business developments & projects, Infrastructure, Vessels

    Germany and other European countries would allow cruise lines to pause their repayments of export credit guarantees for one year.

  • 4 July 2016
    Business & Finance, Operations & Maintenance

    Norwegian shipowner Farstad and a majority of its secured lenders have entered into a standstill and deferral agreement, the company informed on Monday. Namely, the relevant lenders have agreed to a postponement of all amortisations of the Farstad group falling due to them in the period from and including July 1, 2016 until October 1, […]

  • 29 September 2016
    Business & Finance

    Owner and operator of liquefied natural gas carriers Teekay LNG Partners is selling shares to raise fresh funds for debt repayments or funding installment payments on future newbuilding deliveries. The company has priced its public offering of 5 million 9% Series A Preferred Units, representing limited partner interests, at USD 25 per unit. Distributions will be payable […]

  • 24 December 2014

    Ukrainian Naftogaz transferred $1.65 billion to Gazprom as a second tranche of debt repayment.

  • 8 December 2016
    Business & Finance

    Greek dry bulk shipping firm Seanergy Maritime Holdings Corp. has announced the pricing for its USD 15 million public offering, saying that it will used the net proceeds vessel acquisitions, debt repayment and general corporate purposes. The net proceeds of the offering are expected to be used for debt repayment, vessel acquisitions in accordance with the Company’s growth strategy […]

  • 6 January 2016
    Business & Finance

    The Lake Altoona Rehabilitation District will hold a special meeting on Thursday, January 21, 2016, at Seymour Town Hall in Eau Claire, WI, to present financing options for the River and 5 Mile Creek Delta dredging. “At this special meeting we will be considering and voting on borrowing money and new tax levy to pay the indebtedness,” said Paul […]

  • 9 June 2009

    Container shipping lines have begun turning to shareholders in an effort to raise cash to fund debt repayments, stave off the impending spectre of bankruptcy, or to take advantage of possible investment opportunities. Last week Singapore-based NOL announced that it was planning a rights issue that should raise S$1.4bn (US$974m). In a presentation, it said […]

  • 30 November 2009

    Responding to questions from Dredging News Online, a spokesperson for Dutch dredging major Royal Boskalis Westminster said the company would not be affected by the financial crisis in Dubai. Earlier this week, Dubai Drydocks Group, of which well known developers such as Nakheel are a part, told creditors it needed a six month standstill on […]

  • 17 January 2018
    Business & Finance

    Teekay Offshore Partners to raise up to USD 115 million through a pubic offering of 4.6 million units.

  • 3 May 2006

    Marine oil and gas transporter Hornbeck Offshore Services Inc. on Thursday said first-quarter earnings nearly tripled as rates for offshore transport services rose. Net income rose to $14.9 million, or 54 cents per share, from $5.2 million, or 25 cents per share, in the year-ago period, which included a charge of $1.1 million, or 5 […]

  • 17 September 2018
    Business & Finance

    Seaspan Corporation has prepaid two credit facilities, secured by six of its vessels.

  • 26 September 2018

    GasLog Partners, the New York-listed spinoff of LNG shipper GasLog, agreed to sell 2,250,000 common units to funds managed by Tortoise Capital Advisors for $53.1 million.

  • 4 February 2016
    Business & Finance

    NYSE-listed dry bulk shipping company Safe Bulkers, Inc. has extended the term of its existing credit facility with DNB (UK) Limited by two years from September 2020 to September 2022. The company’s extended facility, which stands at USD 145.5 million, is secured by ten vessels and an additional newbuild expected to be delivered in March 2016. The balloon payment which was initially scheduled to […]

  • 19 June 2012
    Business & Finance

      Navios Maritime Holdings Inc., a global, vertically integrated seaborne shipping and logistics company, announced yesterday that it has sold the Navios Buena Ventura, a 2010-built Capesize vessel of 179,259 dwt, to Navios Maritime Partners L.P. for a $67.5 million cash consideration. Navios Holdings has used $26.8 million out of the proceeds of the transaction […]

  • 18 October 2016
    Business & Finance

    Owner and operator of liquefied natural gas carriers Teekay LNG Partners has revealed plans to issue new five-year senior unsecured bonds in the Norwegian bond market as the company is looking to secure more funds. The shipowner said that the net proceeds from the bonds are expected to be used for refinancing NOK bonds maturing […]

  • 13 September 2018
    Business & Finance

    Seaspan has priced its USD 150 million share offering at USD 25 per share.

  • 16 May 2017

    GasLog Partners, the New York-listed spinoff of LNG shipper GasLog, raked in US$138.61 million through a public offering of 5,750,000 shares.

  • 16 November 2018

    GasLog Partners, the New York-listed spinoff of LNG shipper GasLog, raked in $96.3 million after closing the previously announced share sale. The partnership put up 4,000,000 shares for sale at a price of $25 per unit. GasLog Partners said in a statement on Thursday it plans to use the net proceeds from the offering for […]