21/11/2014 20:43:09 Free Membership Login

Tbs News (NASDAQ:TBSI)

DateTimeSource
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02/07/201211:47AMDJNShipping Company TBS International Files For Chapter 11
By Stephanie Gleason Of DOW JONES DAILY BANKRUPTCY REVIEW International shipping company TBS International Plc (TBSI) filed for Chapter 11 bankruptcy protection Monday, blaming factors that have led other shipping companies to seek similar relief under the Bankruptcy Code, including a weak global economy, increased fuel... More...>>
02/06/20127:13PMMWUSTBS International Receives Overwhelming Support From Banks on Comprehensive Debt Restructuring
Files Pre-Packaged Chapter 11 Cases and Plan of Reorganization voted on and accepted by Lenders Seeks permission to pay all foreign and critical trade creditors without disruption Plan of Reorganization pays all unsecured creditors in full upon exit $42.8 million debtor in possession financing will provide ample liquidity... More...>>
02/06/20127:13PMMWUSTBS International Receives Overwhelming Support From Banks on Comprehensive Debt Restructuring
Files Pre-Packaged Chapter 11 Cases and Plan of Reorganization voted on and accepted by Lenders Seeks permission to pay all foreign and critical trade creditors without disruption Plan of Reorganization pays all unsecured creditors in full upon exit $42.8 million debtor in possession financing will provide ample liquidity... More...>>
12/20/20117:32PMMWUSTBS International Announces Agreements to Deleverage Its Balance Sheet and Refresh Its Fleet
TBS International plc (NASDAQ: TBSI) today announced that it has reached agreements with its bank lenders on terms to reduce its leverage and refresh its fleet. As part of these agreements, TBS and the syndicates led by Bank of America and DVB Group Merchant Bank have agreed on terms to restructure outstanding indebtedness... More...>>
12/02/20114:58PMMWUSTBS International Reaches Agreement With Banks to Extend Forbearance
TBS International plc (NASDAQ: TBSI) previously announced in September 2011 that, with the agreement of the requisite lenders under its various financing facilities, it would not make certain principal payments due on its financing facilities for the period through December 15, 2011. Today the Company is announcing that... More...>>


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