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 September 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Ensco plc Reports 3Q, 2014 Results

Ensco plcĀ  today reported earnings per share from continuing operations of $1.93 in third quarter 2014, up 16% from $1.66 in third quarter 2013. Adjusted for a $0.

Chevron Announces Quarterly Dividend

The Board of Directors of Chevron Corporation today declared a quarterly dividend of one dollar and seven cents ($1.07) per share, payable December 10, 2014,

Exmar Optimistic About Gas Carrier Market into 2015

Belgian gas shipping group Exmar said on Thursday that the market for its very large and midsize gas carriers was at historically high levels in the third quarter

 
 
Maritime Security Maritime Standards Offshore Oil Pod Propulsion Port Authority Ship Electronics Ship Repair Shipbuilding / Vessel Construction 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: 0.1206 sec (8 req/sec)