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	<title>Marine Money Archives &#187; Pribor</title>
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	<link>http://www.marine-money.com</link>
	<description>The Ship Finance Publication Of Record</description>
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		<title>Cool, Steady Heads Prevail – Genmar Restructures Liabilities</title>
		<link>http://www.marine-money.com/archive/cool-steady-heads-prevail-%e2%80%93-genmar-restructures-liabilities</link>
		<comments>http://www.marine-money.com/archive/cool-steady-heads-prevail-%e2%80%93-genmar-restructures-liabilities#comments</comments>
		<pubDate>Thu, 07 Apr 2011 15:12:17 +0000</pubDate>
		<dc:creator>marinemoney</dc:creator>
				<category><![CDATA[Freshly Minted]]></category>
		<category><![CDATA[The Week in Review]]></category>
		<category><![CDATA[Dahlman Rose]]></category>
		<category><![CDATA[DnB NOR]]></category>
		<category><![CDATA[General Maritime Corporation]]></category>
		<category><![CDATA[Georgiopoulos]]></category>
		<category><![CDATA[Jefferies]]></category>
		<category><![CDATA[Metrostar]]></category>
		<category><![CDATA[Nordea]]></category>
		<category><![CDATA[Northern Shipping Funds]]></category>
		<category><![CDATA[Oaktree Capital]]></category>
		<category><![CDATA[Pribor]]></category>

		<guid isPermaLink="false">http://www.marine-money.com/?p=10239</guid>
		<description><![CDATA[Banking on its relationship with its long-time investor, Oaktree Capital, General Maritime Corporation successfully raised $200 million in new capital, which formed the cornerstone of a restructuring of its balance sheet designed to improve liquidity largely through the reduction of its near-term debt obligations. The important side effect of the transaction was a reduction of the cash flow breakeven rate to a level commensurate with today’s weak tanker market.]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Volatility and Uncertainty? Where?</title>
		<link>http://www.marine-money.com/archive/volatility-and-uncertainty-where</link>
		<comments>http://www.marine-money.com/archive/volatility-and-uncertainty-where#comments</comments>
		<pubDate>Thu, 24 Jun 2010 21:23:27 +0000</pubDate>
		<dc:creator>marinemoney</dc:creator>
				<category><![CDATA[Freshly Minted]]></category>
		<category><![CDATA[The Week in Review]]></category>
		<category><![CDATA[Dahlman Rose]]></category>
		<category><![CDATA[General Maritime]]></category>
		<category><![CDATA[Goldman Sachs]]></category>
		<category><![CDATA[J.P. Morgan]]></category>
		<category><![CDATA[Jefferies]]></category>
		<category><![CDATA[Peter G]]></category>
		<category><![CDATA[Pribor]]></category>
		<category><![CDATA[Tavlarios]]></category>

		<guid isPermaLink="false">http://www.marine-money.com/?p=9437</guid>
		<description><![CDATA[Any concerns the market or we had with respect to volatility and uncertainty in the markets were put to rest last Thursday when General Maritime priced its follow-on offering.  While being an established company was key, we also noted the positive trend in the share price as both the vessel acquisition and follow-on offering were announced. The result was in our estimation remarkable. Described as a blowout, the deal was over 2 times oversubscribed with all the shares purchased by institutional buyers Due to demand, the deal was upsized by 20% and yet no one received their full allocation.  Moreover, from a pricing perspective, the shares were discounted by the typical 4.5% from the day’s closing price. While the transaction was accretive and positive in the long run, the results were a strong vote of confidence in Peter G. and his entire team.]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Tinker to Evers to Chance</title>
		<link>http://www.marine-money.com/archive/tinker-to-evers-to-chance-2</link>
		<comments>http://www.marine-money.com/archive/tinker-to-evers-to-chance-2#comments</comments>
		<pubDate>Thu, 10 Jun 2010 21:14:57 +0000</pubDate>
		<dc:creator>marinemoney</dc:creator>
				<category><![CDATA[Freshly Minted]]></category>
		<category><![CDATA[The Week in Review]]></category>
		<category><![CDATA[Angelopoulos]]></category>
		<category><![CDATA[DnB NOR]]></category>
		<category><![CDATA[efferies]]></category>
		<category><![CDATA[Georgiopoulos]]></category>
		<category><![CDATA[John Parker]]></category>
		<category><![CDATA[Maritime Corporation]]></category>
		<category><![CDATA[Metrostar Management Corporation]]></category>
		<category><![CDATA[Nordea]]></category>
		<category><![CDATA[Pribor]]></category>
		<category><![CDATA[Tavlarios]]></category>

		<guid isPermaLink="false">http://www.marine-money.com/archive/tinker-to-evers-to-chance-2</guid>
		<description><![CDATA[The shipping version of this famous baseball double play combination is Angelopoulos  to Georgiopoulos. Like Eyjafjallajokull, a dormant volcano that was quiet for centuries, Peter G’s companies erupted with news of acquisitions, some known and others new. First, the much-publicized acquisition of five tankers by General Maritime Corporation from Mr. Angelopoulos’ Metrostar Management Corporation was formally announced. ]]></description>
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		<slash:comments>0</slash:comments>
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		<item>
		<title>All Eyes Are On Genmar</title>
		<link>http://www.marine-money.com/archive/all-eyes-are-on-genmar</link>
		<comments>http://www.marine-money.com/archive/all-eyes-are-on-genmar#comments</comments>
		<pubDate>Thu, 05 Nov 2009 16:43:23 +0000</pubDate>
		<dc:creator>carisk</dc:creator>
				<category><![CDATA[Freshly Minted]]></category>
		<category><![CDATA[The Week in Review]]></category>
		<category><![CDATA[Barclays]]></category>
		<category><![CDATA[Citi]]></category>
		<category><![CDATA[Deutsche Bank]]></category>
		<category><![CDATA[DnB]]></category>
		<category><![CDATA[General Maritime]]></category>
		<category><![CDATA[Georgiopoulos]]></category>
		<category><![CDATA[HSBC]]></category>
		<category><![CDATA[JPMorgan]]></category>
		<category><![CDATA[Navios Maritime Holdings]]></category>
		<category><![CDATA[NCL Corporation Ltd.]]></category>
		<category><![CDATA[Norwegian Cruise Lines]]></category>
		<category><![CDATA[Pribor]]></category>
		<category><![CDATA[Royal Caribbean Cruise]]></category>
		<category><![CDATA[UBS]]></category>

		<guid isPermaLink="false">http://marine-money.com/?p=6418</guid>
		<description><![CDATA[We know that <strong>General Maritime</strong>’s dynamic duo, Messrs <strong>Georgiopoulos</strong> and <strong>Pribor</strong> are on the road marketing their $300 million senior unsecured notes offering due in 2017 and so, while they are busy selling we thought we would take a read of the high yield market. 
 
Earlier this week, <strong>Navios Maritime Holdings</strong> closed its successful $400 million private offering of first priority ship mortgage notes due in 2017. Rated BB-/Ba3, the coupon on the notes was 8.875% and was priced to yield 9.125%. The company escrowed $105 million of the proceeds to provide additional financing to complete the purchase of]]></description>
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		<item>
		<title>John Wobensmith Goes to Genco, Continues Trend of Bankers to Owners</title>
		<link>http://www.marine-money.com/archive/john-wobensmith-goes-to-genco-continues-trend-of-bankers-to-owners</link>
		<comments>http://www.marine-money.com/archive/john-wobensmith-goes-to-genco-continues-trend-of-bankers-to-owners#comments</comments>
		<pubDate>Thu, 31 Mar 2005 20:00:40 +0000</pubDate>
		<dc:creator>carisk</dc:creator>
				<category><![CDATA[Freshly Minted]]></category>
		<category><![CDATA[The Week in Review]]></category>
		<category><![CDATA[American Marine Advisors]]></category>
		<category><![CDATA[Artnzen]]></category>
		<category><![CDATA[Evensen]]></category>
		<category><![CDATA[Fagerstall]]></category>
		<category><![CDATA[First Bank of Maryland]]></category>
		<category><![CDATA[Genco]]></category>
		<category><![CDATA[John Wobensmith]]></category>
		<category><![CDATA[OakTree]]></category>
		<category><![CDATA[Peter G]]></category>
		<category><![CDATA[Pribor]]></category>

		<guid isPermaLink="false">http://marine-money.com/?p=7915</guid>
		<description><![CDATA[John Wobensmith, a former banker with First Bank of Maryland, has left American Marine Advisors to join Genco, the dry bulk company owned by OakTree and Peter G, as the company’s CFO. Wobensmith’s departure marks yet another shipping banker moving to the owning side – Evensen, Artnzen, Fagerstall, Pribor…and the list is growing. If there has been any one thing we’ve learned from this, it’s that former bankers make very tough negotiators when they move to the other side of the table.
]]></description>
		<wfw:commentRss>http://www.marine-money.com/archive/john-wobensmith-goes-to-genco-continues-trend-of-bankers-to-owners/feed</wfw:commentRss>
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