Ad-hoc | 16 December 2016 18:10
Marenave Schiffahrts AG / Key word(s): Agreement/Banking Syndicate
16-Dec-2016 / 18:10 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR, transmitted by
DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Marenave Schiffahrts AG (Marenave or Company) until today has received
written declarations of all financing banks, according to which they will
extend their statements (partially) not to seriously demand payment of the
amounts due under the respective ship financing loans and under the
corresponding guarantees given by Marenave (see ad-hoc announcement on 24
November 2016) until 27 January 2017. These statements are subject to
immediate revocation notably in case that certain milestones are not
reached in due time.
The negotiations on key issues for restructuring agreements between the
Company and the financing banks which shall form the basis for an agreement
on the restructuring and release of liability are being continued. In this
context and as part of a comprehensive restructuring concept outside
insolvency the possible participation of an already identified investor
will take shape.
The Management Board
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16-Dec-2016 CET/CEST The DGAP Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: Marenave Schiffahrts AG
Caffamacherreihe 7
20355 Hamburg
Germany
Phone: 040 / 28 41 93 0
Fax: 040 / 28 41 93 297
E-mail: info@marenave.com
Internet: www.marenave.com
ISIN: DE000A0H1GY2
WKN: A0H1GY
Listed: Regulated Market in Hamburg; Regulated Unofficial Market
in Berlin, Munich; Open Market in Frankfurt
End of Announcement DGAP News Service