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

Finance

Seaspan Takes Delivery of New Containership

Seaspan Corporation (SSW) has accepted delivery of a 14000 TEU containership, the YM Wellhead.    The new containership, which was constructed at Hyundai Heavy Industries Co.

'Make in India’ - the Newbuzzword in Indian Shipping Sector

The Prime Minister Narendra Modi's  'Make in India’ initiative offers a plethora of opportunities in the maritime sector, particularly in shipbuilding, with the

Baltic Index Perks up on Increased Rates for Bigger Vessels

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, edged higher on Thursday as rates for bigger vessels rose.

 
 
Maritime Contracts Maritime Standards Naval Architecture Navigation Port Authority Salvage Ship Electronics Ship Repair Shipbuilding / Vessel Construction 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: 0.2279 sec (4 req/sec)