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Seanergy achieves early loan termination

Mr. Nick Roumpis
Seanergy Maritime Holdings has struck a deal to terminate a credit facility earlier than scheduled, boosting its equity. This agreement represents a 29% reduction of the outstanding facility of $39m and the Greek owner expects a gain of around $11.4m. On an adjusted basis, Seanergy’s equity will rise from $37.5m to $49m... Link To PDF