Depressed demand for oil has pushed Overseas Shipholding Group (OSG) to renegotiate some of its financing agreements.
In a regulatory filing on Wednesday, the Tampa-based Jones Act tanker owner said its annual report would be late as it ties up agreements with lenders on six loans, including one from Prudential due in two years.
"Waivers and amendments to certain of the covenants under the [term loans] have been agreed to and have either been executed or are expected to be executed upon completion of formal documentation,...
