General Maritime Corporation Announces Amendment to $372 Million Credit Facility - Seaboard (AMEX:SEB)

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.

General Maritime Corporation (NYSE: GMR) announced today that it has amended its $372 million senior secured credit facility, dated as of July 16, 2010. Under the terms of the amended Credit Facility, the condition requiring the issuance of new common equity to finance at least 40% of the purchase price for the previously announced acquisition of seven vessels has been waived for a period of one year.All other material terms of the five-year facility remain unchanged. The $372 million Credit Facility, led by Nordea Bank Finland plc and DnB NOR, was successfully syndicated among four global lending institutions including NIBC Bank N.V., Skandinaviska Enskilda Banken AB (SEB), DVB Bank SE and Citibank, N.A.

Crypto Whales Are Loading Up — Are You?

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!