Rickmers Maritime logo

B1ZU - Rickmers Maritime News Story

S$0.026 0.0  0.0%

Last Trade - 15/11/16

Sector
Industrials
Size
Micro Cap
Market Cap £n/a
Enterprise Value £n/a
Revenue £50.4m
Position in Universe th / 6148

BRIEF-Rickmers Maritime updates on restructuring of notes

Wed 8th February, 2017 9:23am
Feb 8 (Reuters) - Rickmers Maritime  RIMT.SI  : 
    * Update on restructuring of notes 
    * Trust intends to make voluntary prepayments in an 
aggregate amount of US$10.4 million towards senior loan 
facilities 
    * Trustee-manager continues to be in discussions with its 
senior lenders in relation to a potential divestment of assets 
    * Rationale for voluntary prepayments is to deleverage trust 
& save interest costs by utilising cash not available to trust 
for other purposes 
    * Presently, there are no material developments of certainty 
that may have "significant" impact on financial position & cash 
flow of trust 
    * "There is basis for the trust to continue and the trust 
should not be wound up in accordance with its trust deed at this 
time" 
 
Source text for Eikon:  urn:newsml:reuters.com:*:nSNZ1LnP31 
Further company coverage:  RIMT.SI  
 
 ((Bangalore.newsroom@thomsonreuters.com;))
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.