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Tuesday
Apr032012

Tradewinds - Mike Webber Speaks Truth to Power

Wells weighs in on Excel pact

Excel Maritime Carriers may need to take additional steps to shore up its finances despite recent amendments that helped alleviate pressure tied to a $1.4bn credit facility, according to an equity analyst at Wells Fargo Securities.

Michael Webber.Michael Webber views the deal to push back up to $100m in instalment payments to a syndicate led by Nordea as a positive development but believes the New York-quoted bulker owner will likely need to seek more relief by the end of 2013.

Full article here.

 

 

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    Fantastic Webpage, Stick to the useful job. thnx!
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