| For information regarding TBS Restructuring: please click here, or call the restructuring information line at (888) 418-5566 or (216) 370-3528 (from outside the US). |
 |
| 03/28/12 | Court Confirms TBS International Plan of Reorganization|
-- Overwhelming support by all lender groups signals vote of confidence
in future
-- Paves way for expedited emergence from chapter 11
-- New liquidity of approximately $40.0 million provided by existing
lender groups
-- Debt will be reduced by over $100 million since September 30, 2011
-- All vendors to be paid in cash for 100% of allowed claims
-- Considerable flexibility to employ long and short term charters to
meet almost any customer need
TBS International ... |
|  | | 02/06/12 | TBS 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
-- Existing management and operations to continue uninterrupted
TBS International plc (NASDAQ: TBSI) announced today that it has
rea... |
| | | 12/20/11 | TBS International Announces Agreements to Deleverage Its Balance
Sheet and Refresh Its Fleet| DUBLIN, IRELAND, Dec 20, 2011 (MARKETWIRE via COMTEX) --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 that
contemplate exchanging existing senior debt for new senior debt and
equity and the refreshing of the TBS fle... |
| | | 12/02/11 | TBS International Reaches Agreement With Banks to Extend Forbearance| DUBLIN, IRELAND, Dec 02, 2011 (MARKETWIRE via COMTEX) --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 it
has reached agreements in principle with its lenders to restructure
the Company's debt. To permit documentation o... |
| |
|
| There are currently no events scheduled. |
Replication or redistribution of EDGAR Online, Inc. content is expressly prohibited without the prior written consent of EDGAR Online, Inc. EDGAR Online, Inc. shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. |
| | | There are currently no items available. |
Receive E-mail Alerts | | Sign up to receive e-mail alerts whenever TBS International plc posts new information to the site. Just enter your e-mail address and click Submit. |
|
