EMS Buys Time to Consider Options

With interest and principal due August 19th on its two bond loans totaling NOK 446.1million, Eitzen Maritime Services ASA has been working with Norsk Tiilitsman (“NTM”), as the bondholders representative, in an attempt to modify the agreement to resolve the payment issue through the establishment of a new liquidity financing. In the interim, the bondholders granted the company two grace periods through September 2nd.

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