Capital Link Shipping Weekly Market Report, Monday 13th March 2017, Week 11
SEASPAN TO PRESENT AT THE J.P. MORGAN AVIATION, TRANSPORTATION & INDUSTRIALS CONFERENCE HONG KONG
Seaspan Corporation (NYSE:SSW) announced today that it will present at the J.P. Morgan Aviation, Transportation & Industrials Conference in New York City on Monday, March 13, 2017 at 3:50 p.m. (ET).
Seanergy announces agreement for early termination of credit facility resulting in a material gain
Seanergy Maritime Holdings Corp. (the “Company”) (NASDAQ: SHIP), announced today that it has entered into a definitive agreement with one of its senior lenders for the early termination of a credit facility, which is expected to result into a material gain and equity accretion for the Company. Upon completion of the transaction, the gain to the Company is estimated to be approximately $11.4 million, which represents a reduction of approximately 29% of the outstanding facility. In addition, this transaction is expected to result in an accretion of more than 30% to the total equity of the Company on an adjusted basis.