Seanergy Maritime Holdings has struck a deal to terminate a credit facility earlier than scheduled, boosting its equity.
This agreement represents a 29% reduction of the outstanding facility of $39m and the Greek owner expects a gain of around $11.4m.
On an adjusted basis, Seanergy’s equity will rise from $37.5m to $49m.
TradeWinds understands the bank that agreed on the early termination of the loan is France’s Natixis, which has been mulling exiting the shipping sector.
Stamatis
