Η Seanergy Maritime Holdings. Η εταιρεία έχει πουλήσει τα τέσσερα εναπομείναντα πλοία στον δανειστή προς πλήρη ικανοποίηση των υποκείμενων δανείων, ολοκληρώνοντας έτσι το σχέδιο Χρηματοοικονομικής Αναδιάρθρωσης της.
Seanergy Maritime Holdings Corp. Completes Financial Restructuring
March 19, 2014 – Athens, Greece – Seanergy Maritime Holdings Corp. (the
– Seanergy Maritime Holdings Corp. (the
“Company”) (NASDAQ: SHIP) announced today that it has closed on its previously
announced delivery and settlement agreement with its remaining lender to unwind
its final secured credit facility. The Company has sold its four remaining bulk
carriers to a nominee of the lender in full satisfaction of the underlying loan.
In exchange for the sale, approximately $146 million of outstanding debt and
accrued interest were discharged and the Company’s guarantee has been fully
released. After giving effect to the transaction, the Company has no outstanding
The gain from this transaction is expected to be approximately $85 million, which
will be reflected in the first quarter of 2014.
Stamatis Tsantanis, the Company’s Chairman and Chief Executive Officer,
stated: “We are very pleased to have closed on our agreement with our final
: “We are very pleased to have closed on our agreement with our final
lender. Through the successful completion of our financial restructuring plan, the
Company has managed to extinguish $346 million of debt since 2012. We are now
in a position to evaluate a number of strategic opportunities for the Company.
Having achieved this important milestone, we are now focused on pursuing growth
through accretive transactions.”
About Seanergy Maritime Holdings Corp.
Seanergy Maritime Holdings Corp. is a Marshall Islands corporation with its
executive offices in Athens, Greece. The Company is engaged in the transportation
of dry bulk cargoes through the ownership and operation of dry bulk carriers.
Currently, the Company does not own any operating vessels. The Company intends
to review the market in order to identify potential vessel acquisitions on accretive
The Company’s common stock trades on the NASDAQ Capital Market under the
This press release contains forward-looking statements (as defined in Section 27A
of the Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended) concerning future events and the Company’s
growth strategy and measures to implement such strategy. Words such as
“expects,” “intends,” “plans,” “believes,” “anticipates,” “hopes,” “estimates,” and
variations of such words and similar expressions are intended to identify forwardlooking
statements. Although the Company believes that such expectations will
prove to have been correct, these statements involve known and unknown risks
and are based upon a number of assumptions and estimates, which are inherently
subject to significant uncertainties and contingencies, many of which are beyond
the control of the Company. Actual results may differ materially from those
expressed or implied by such forward-looking statements. Factors that could cause
actual results to differ materially include, but are not limited to, the scope and
timing of Securities and Exchange Commission (“SEC”) and other regulatory agency
review, competitive factors in the market in which the Company operates; risks
associated with operations outside the United States; and other factors listed from
time to time in the Company’s filings with the SEC. The Company’s filings can be
obtained free of charge on the SEC’s website at www.sec.gov. The Company
expressly disclaims any obligations or undertaking to release publicly any updates
or revisions to any forward-looking statements contained herein to reflect any
change in the Company’s expectations with respect thereto or any change in
events, conditions or circumstances on which any statement is based.
For further information please contact:
Investor Relations / Media
Capital Link, Inc.
230 Park Avenue Suite 1536
New York, NY 10169
Tel: (212) 661-7566