Brief: Paragon Shipping announces signing of an agreement with one of its lenders
08/12/2015 13:29
Dec 8 (Reuters) - Paragon Shipping Inc PRGN.O : * Announces signing of an agreement with one of its lenders * Says entered into an agreement with commerzbank ag * Agreement with commerzbank ag for full satisfaction of all amounts outstanding under a $57 million facility * Says vessels have been committed for sale to an unaffiliated third party under separate memoranda of agreement * Says vessels expected to be delivered to their buyer by 12 February 2016 * Agreement in exchange for the net sale proceeds of the mortgaged vessels * Source text for Eikon ID:nPn2hL6lG * Further company coverage PRGN.O ((Bengaluru Newsroom; +1 646 223 8780))
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