Pharma Investments, Ventures & Law Weekly
Welcome to NewsRx!
Learn more about a six-week, no-risk free trial of Pharma Investments, Ventures & Law Weekly
We're a pay-per-view site for premium content. If you'd like to purchase this article, it's only $3.00.
TOP Ships Inc.
TOP Ships Announces Termination of Interest Rate Derivative Contract
January 18th, 2009
TOP Ships Inc. (NASDAQ: TOPS) announced that it has entered into a termination agreement in respect of an interest rate derivative contract for a termination payment of $5.0 million. The Company had entered into this derivative contract in November 2007, under which the Company has received an upfront payment of $8.5 million and would pay five annual interest payments on a notional amount of $85.0 million. The counterparty's assets and liabilities have been under bankruptcy administration since September 15, 2008. Keywords: TOP Ships Inc. This article was prepared by Pharma Investments, Ventures & Law Weekly editors from staff and...
Source: Pharma Investments, Ventures & Law Weekly (2009-01-18)
|
