Friede Goldman Halter To Get $100 Million Financing

Friday, April 06, 2001
Friede Goldman Halter announced that it and several of its affiliates have signed a letter of intent with Pegasus Partners II and affiliated entities for Pegasus to loan $100 million in the form of a senior secured note with a three-year maturity. In connection with the proposed transaction, the company will issue Pegasus warrants to purchase the company's common stock.

The recommended transaction is subject to the negotiation and execution of a definitive agreement and the satisfactory completion of due diligence by Pegasus.

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