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 March 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Shipping Confidence Hits 2.5 Year Low

Overall confidence levels in the shipping industry fell to their lowest level for two-and-a-half years in February 2015, according to the latest Shipping Confidence

U.S. DoI Upholds 2008 Shell Arctic Lease

The U.S. Interior Department on Tuesday upheld a 2008 lease sale in the Chukchi Sea off Alaska, moving Royal Dutch Shell a step closer to returning to oil and gas

All American Marine Delivers Ferry to Seattle

All American Marine, Inc. (AAM) today announced the delivery of a new passenger ferry that will serve the city of Seattle.    The vessel, MV Sally Fox, was dedicated

 
 
Maritime Careers / Shipboard Positions Navigation Pipelines Pod Propulsion Port Authority Salvage Ship Electronics 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: 0.1418 sec (7 req/sec)