FGH Lenders Demand Repayment of $85.7 Million

Monday, April 16, 2001
Friede Goldman Halter (FGH) has received a Notice of Continuing Events of Default and Demand for Payment, from Foothill Capital Corporation, under which Foothill demands the immediate payment of $85.7 million, plus interest and various other costs, within five days of the Notice. FGH also announced that it would not make the interest payment due on March 15, 2001, on its $185 million principal amount of 4.5 percent convertible notes. The 30-day grace period provided under the indenture relating to the convertible notes expires today (April 16).
Maritime Reporter June 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Location of New Port Expansion Projects: Analysis

When it comes to port development, many governments now favour letting the market decide where expansion should take place, whereas most other transport infrastructure,

Europe Sleep Walking into an Energy Crisis: Analyst

The downing of flight MA17 has prompted calls for further sanctions on Russia targeted at its energy sector. Douglas-Westwood in its 'DW Monday' analysis considers

GAC North America Passes the Helm to Schensema

GAC says it  has moved Claus Schensema to Houston, Texas, where he will take up the post of Managing Director of GAC North America Logistics. Schensema brings

 
 
Maritime Careers / Shipboard Positions Maritime Standards Navigation Pod Propulsion Port Authority Salvage Ship Electronics Ship Repair Shipbuilding / Vessel Construction 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: 0.1251 sec (8 req/sec)