Home About UsPublicationsForumsConsultingContact Us
Back to Earlier Search Results New Search Logout

Links

CMA Shipping 2011

Marine Money Forums

Marine Money Asia Week

Freshly Minted Newsletter

Marine Finance Dashboard

Freshly Minted – November 18, 1999

Quote of Note

Richard du Moulin at the Connecticut Maritime Association monthly luncheon,” Something is wrong when the sole source of profits in shipping is from financial institutions losing money.”

HIGH YIELD

HVIDE

Market sources indicate that Deutsche Bank Securities has emerged as restructuring advisor in the Hvide Marine bankruptcy. While we have no details on Deutsche’s role, we imagine they will provide exit financing to take out the $60 million debtor in possession facility provided by BankBoston and Citibank. It looks as though holders of the bank debt will get out whole and bondholders will receive 97% of the equity in the newco. With oil prices

soaring and E&P budgets more promising, Hvide bondholders might actually make money at the end of the day. Imagine that.

This is only an excerpt of Freshly Minted – November 18, 1999

Content is restricted to subscribers. To continue reading please Log-In or view our subscription options.

Existing Users Login

Username
Password
 


Related Archive Files

  • No Related Post

Written by: | Categories: Freshly Minted | November 18th, 1999 |

Tags:

Leave a Reply

You must be logged in to post a comment.

Copyright 2008. Marine Money. All Rights Reserved.