Seanergy Maritime Holdings Corp. Announces It Has Signed Waiver Agreement on Loan Covenant
September 15 2009 - 4:05PM
Marketwired
Seanergy Maritime Holdings Corp. (the "Company") (NASDAQ: SHIP)
(NASDAQ: SHIPW) announced today that it has signed a waiver
agreement with its lender waiving the Company's compliance on its
market-value-to loan covenant. The waiver applies for a period of
up to July 1, 2010.
About Seanergy Maritime Holdings Corp.
Seanergy Maritime Holdings Corp., the successor to Seanergy
Maritime Corp., is a Marshall Islands corporation with its
executive offices in Athens, Greece. The Company is engaged in the
transportation of dry bulk cargoes through the control and
operation of dry bulk carriers. The Company purchased and took
delivery of six dry bulk carriers in the third and fourth quarters
of 2008 from companies associated with members of the Restis
family. In August 2009, the Company acquired a controlling interest
in Bulk Energy Transport (Holdings) Limited, which owns five dry
bulk carriers, four Capesize and one Panamax.
As a result, the Company's current controlled fleet includes 11
dry bulk carriers (4 Capesize, 3 Panamax, 2 Supramax and 2
Handysize vessels) with a total carrying capacity of 1,043,296 dwt
and an average age of 13 years.
The Company's common stock and warrants trade on the NASDAQ
Global Market under the symbols SHIP and SHIP.W, respectively.
Prior to October 15, 2008, the Company's common stock and warrants
traded on the NYSE Amex LLC (formerly known as AMEX) under the
symbols SRG, SRG.W, respectively.
For further information please visit our website at
www.seanergymaritime.com
Forward-Looking Statements
This press release contains forward-looking statements (as
defined in Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended)
concerning future events and the Company's growth strategy and
measures to implement such strategy. Words such as "expects,"
"intends," "plans," "believes," "anticipates," "hopes,"
"estimates," and variations of such words and similar expressions
are intended to identify forward-looking statements. Although the
Company believes that such expectations will prove to have been
correct, these statements involve known and unknown risks and are
based upon a number of assumptions and estimates, which are
inherently subject to significant uncertainties and contingencies,
many of which are beyond the control of the Company. Actual results
may differ materially from those expressed or implied by such
forward-looking statements. Factors that could cause actual results
to differ materially include, but are not limited to, the scope and
timing of SEC and other regulatory agency review, competitive
factors in the market in which the Company operates; risks
associated with operations outside the United States; and other
factors listed from time to time in the Company's filings with the
Securities and Exchange Commission. The Company's filings can be
obtained free of charge on the SEC's website at www.sec.gov. The
Company expressly disclaims any obligations or undertaking to
release publicly any updates or revisions to any forward-looking
statements contained herein to reflect any change in the Company's
expectations with respect thereto or any change in events,
conditions or circumstances on which any statement is based.
For further information please contact: Seanergy Maritime
Holdings Corp. Dale Ploughman Chief Executive Officer Tel: +30 210
9638461 E-mail: ir@seanergymaritime.com Investor Relations / Media
Capital Link, Inc. Paul Lampoutis 230 Park Avenue Suite 1536 New
York, NY 10169 Tel. (212) 661-7566 E-mail:
seanergy@capitallink.com
Seanergy Maritime (NASDAQ:SHIPW)
Historical Stock Chart
From Aug 2024 to Sep 2024
Seanergy Maritime (NASDAQ:SHIPW)
Historical Stock Chart
From Sep 2023 to Sep 2024