Independent journal on economy and transport policy
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Excel Maritime Carriers intends to approach the procedure of the Chapter 11 of US Bankruptcy Tails
the value of the society is estimated between 575 million and 625 million dollars
June 12, 2013
Maritime the Greek shipowning society Excel Carriers, that it possesses and it manages a fleet of 38 ships portarinfuse, has the intention of introduce demanded for being able to approach the restructure procedure financial institution of the society previewed from Chapter 11 of the American bankrupt law.
Excel, that it is quoted to the Stock exchange of New York, in notifying such intention to the Securities and Commission Exchange (SEC) has announced to have estimated with the assistance of own investment banker the value of the society, that turns out to attest between 575 million and 625 million dollars, while the obligations at the expense of the society with reference to financing contracts senior pile to about 771 million dollars. Moreover the financial engagements of the company include 150 million dollars in convertible debentures not guaranteed with expiration 15 October 2027.
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Maritime the Greek shipowning society Excel Carriers, that it possesses and it manages a fleet of 38 ships portarinfuse, has the intention of introduce demanded for being able to approach the restructure procedure financial institution of the society previewed from Chapter 11 of the American bankrupt law.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
