SUBSCRIBERS

Navios extends lifeline to First Ship Lease Trust

Published Fri, Apr 28, 2017 · 09:50 PM

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.

BT is now on Telegram!

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