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 Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter April 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Slower Demand for Larger Vessels Drags Baltic Index Lower

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Thursday due to diminishing demand for larger vessels.

Asia Dry Bulk-Capesize Rates Under Pressure

Capesize rates fall in a quiet market as holidays weigh; 20 charter-free capesize ships could add to downward trend. Freight rates for large capesize dry cargo

Daewoo Shipyard Posts Q1 Operating Loss

South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering Co. posted a first-quarter loss after incurring more costs to finish some offshore projects.   First-quarter

 
 
Maritime Contracts Maritime Standards Naval Architecture Navigation Pipelines Pod Propulsion Port Authority Salvage Ship Simulators Sonar
rss | archive | history | articles | privacy | 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: 0.0702 sec (14 req/sec)