Marine Link
Friday, October 21, 2016

Pegasus Ceases Definitive Agreement With Friede Goldman Halter

April 18, 2001

Friede Goldman Halter, Inc. reported today that it has been advised by Pegasus Partners II, L.P. (``Pegasus'') that Pegasus no longer intends to pursue a Definitive Agreement for the proposed $100 million loan to the Company. The Company is continuing to discuss alternatives with Pegasus and others. However, there can be no assurance that the Company will be able to obtain additional equity or financing on terms that will be acceptable.

Maritime Reporter Magazine Cover Oct 2016 - Marine Design Annual

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