Horizon Lines Prepays Additional $25m of Debt

Friday, March 30, 2007
Horizon Lines, Inc. reported that it is making a $25m prepayment on its outstanding long-term debt. This follows a $25m prepayment made December 14, 2006 and brings the total of principal payments made by the Company since September 29, 2006 to $55.6m. The $25m prepayment is being applied to the current $218.9 million remaining balance on the original $250.0 million term loan component of Horizon Lines' senior credit facility. Along with the regularly scheduled principal payment of $.6 million due today, the $25m prepayment will reduce the outstanding term loan to $193.3m, and reduce total debt outstanding of $508.2m to $482.6m.
Maritime Reporter August 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Statoil: COSL Pioneer Temporarily Suspended

Due to overcapacity in their rig portfolio, Statoil will lay up the COSL Pioneer rig in the fourth quarter of 2014. The rig is currently carrying out an assignment

Buckeye Pipeline Quietly Makes Key Acquisition

Houston-based logistic firm Buckeye Partners has spent more than $3.5 billion buying assets since 2010, transforming itself from a quiet regional pipeline utility into an emerging energy powerhouse.

Sri Lanka Port Project: China Merchants, CHEC Invest $601-M

Two of China's largest port operators and engineering firms have agreed to invest in a $601 million terminal in Sri Lanka's Hambantota port, part of a series of

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Pipelines Pod Propulsion Salvage Ship Repair Ship Simulators Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2841 sec (4 req/sec)