Subscribers

Navios extends lifeline to First Ship Lease Trust

Singapore

NAVIOS Maritime Holdings Inc has extended financially troubled First Ship Lease Trust (FSL Trust) a lifeline comprising a mix of equity and debt financing for the shipping trust and its affiliates.

Navios has agreed under a term sheet entered into with the trustee manager of FSL Trust on April 28, 2017, to extend a US$20 million second priority mortgage convertible loan to the trust.

The interest-bearing convertible loan is intended to be termed out for one year. The loan is also intended...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes