Home About UsPublicationsForumsConsultingContact Us
Back to Earlier Search Results New Search Logout

Links

CMA Shipping 2011

Marine Money Forums

Marine Money Asia Week

Freshly Minted Newsletter

Marine Finance Dashboard

Star Bulk Shifts Lenders

Last week, Star Bulk Carriers Corp. announced the re-financing of its two existing loan facilities with Piraeus Bank utilizing the proceeds of a new $64.5 million secured term loan from HSH Nordbank and $5.3 million in cash. The loan has a five year term and bears interest at LIBOR plus a spread. Although little changes in the amount of outstanding debt, the terms of the new loan extend the average life while reducing interest costs. We also suspect that the Greek banks are not having an easy time of it, as well, making the change even more sensible.

This is only an excerpt of Star Bulk Shifts Lenders

Content is restricted to subscribers. To continue reading please Log-In or view our subscription options.

Existing Users Login

Username
Password
 


Related Archive Files

  • No Related Post

Written by: | Categories: Freshly Minted, The Week in Review | October 13th, 2011 |

Tags: · , ,

Leave a Reply

You must be logged in to post a comment.

Copyright 2008. Marine Money. All Rights Reserved.