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BRIEF-Eagle Bulk Shipping reaches comprehensive agreement with lenders
Wed, 20th Jun 2012 22:02
June 20 (Reuters) - Eagle Bulk Shipping Inc:
* Reaches comprehensive agreement with lende
* Says sets maturity to December 31, 2015 with company option to extend into
2017
* Says no fixed repayment of principal until maturity date
* Says permanently waives any purported defaults or events of defaults.
* Says reached an agreement with a syndicate of its lenders led by Royal Bank
of Scotland Plc
* Replaces existing financial covenants,substitutes them with new covenants
that phase-in over next 3 years
* Under agreement, will receive a new liquidity facility in the aggregate
amount of $20 million
* Refile-eagle bulk shipping says agreement permanently waives any purported
defaults or events of defaults (adds dropped word)
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
(For more news, please click here)
COPYRIGHT
Copyright Thomson Reuters 2012. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
* Reaches comprehensive agreement with lende
rs
* Says sets maturity to December 31, 2015 with company option to extend into
2017
* Says no fixed repayment of principal until maturity date
* Says permanently waives any purported defaults or events of defaults.
* Says reached an agreement with a syndicate of its lenders led by Royal Bank
of Scotland Plc
* Replaces existing financial covenants,substitutes them with new covenants
that phase-in over next 3 years
* Under agreement, will receive a new liquidity facility in the aggregate
amount of $20 million
* Refile-eagle bulk shipping says agreement permanently waives any purported
defaults or events of defaults (adds dropped word)
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
(For more news, please click here)
COPYRIGHT
Copyright Thomson Reuters 2012. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
