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B1ZU - Rickmers Maritime News Story

S$0.026 0.0  0.0%

Last Trade - 15/11/16

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 
    * 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 
Source text for Eikon:  urn:newsml:reuters.com:*:nSNZ1LnP31 
Further company coverage:  RIMT.SI  
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