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Navios extends lifeline to First Ship Lease Trust

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

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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.

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