Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / dormancy-status-update-2024.docx
dormancy-status-update-2024.docx
Parties
HARKNESS LLP
Logistics SA
Clearwater Shipping Finance Ltd
Compass Marine Valuations Ltd
Thalassa Dry Bulk Operations Ltd
Thalassa Container Feeder Ltd
Kallistratos Maritime Holdings Ltd
Anchor Bay Securities LLC
Dates
June 10, 2024
December 1, 2022
September 8, 2023
September 12, 2022
October 15, 2022
October 15, 2029
November 2, 2022
November 4, 2022
September 26, 2022
October 10, 2022
Amounts
$400,000,000
$392,000,000
$190,000,000
$120,000,000
$72,000,000
$18,000,000
$1,175,000,000
$365,000,000
$50,000,000
$214,600,000
Obligations
The BDI must sustain above the 2,000 level on a continuous basis through Q4 2024, demonstrating that the recovery in dry-bulk charter rates is durable rather than transient
Formal board and shareholder approval must be obtained, including the consent of the Pelagos Capital Partners Fund III LP board representatives (acting through Andreas Vournas)
An updated fleet appraisal must be obtained confirming that the collateral coverage ratio remains at or above the 2
Re-engagement with Anchor Bay Securities and Halcyon Partners must occur to obtain updated pricing guidance and an assessment of current investor appetite for shipping high-yield paper
The intended use of proceeds must be verified
An updated fleet valuation must be commissioned from Robert Hargreaves (Managing Director, 3 Thomas More Square, London E1W 1WY)