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Resurrected – TBS Deleverages
On Wednesday, TBS International plc announced agreements with its bank lenders on terms to reduce its leverage. TBS and its main bank syndicates led by Bank of America and DVB Group Merchant Bank have agreed to exchange the current outstanding senior debt for new senior debt and equity.
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Written by: carisk | Categories: Freshly Minted, The Week in Review | December 22nd, 2011 |
Tags: · AIG, Bank of America, Credit Suisse, DVB Group Merchant Bank, TBS International plc, The Royal Bank of Scotland
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