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January 30, 2013
08:34 EDTSHIPSeanergy Maritime unit sells interest in four subsidiaries
Seanergy Maritime Holdings announced that its wholly-owned subsidiary, Maritime Capital Shipping Limited, sold its 100% ownership interest in four subsidiaries. The four subsidiaries own the Handysize dry bulk carriers M/V Fiesta, M/V Pacific Fantasy, M/V Pacific Fighter and M/V Clipper Freeway. The buyer is a third-party nominee of the lenders under the senior secured credit facility with DVB Merchant Bank (Asia) Ltd., as agent. MCS had provided a guarantee under this facility. As of January 29, in exchange for the sale, approximately $30.3M of outstanding debt was discharged. In addition, the guarantee provided by MCS was fully released. In connection with the sale of the subsidiaries, the Company's Board of Directors obtained a fairness opinion from an independent third party. After giving effect to the transaction, the overall indebtedness of the Seanergy group of companies is reduced to approximately $177M.
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October 5, 2015
16:06 EDTSHIPSeanergy Marine announces delivery of a Supramax vessel
Seanergy Maritime Holdings announced the delivery of a 56,819 dwt Supramax dry bulk vessel, which has been renamed to M/V Gladiatorship. The vessel, which was built in 2010 by CSC Jinling Shipyard, has been employed in the spot market. The acquisition cost of the M/V Premiership has been funded by a senior secured loan agreement with international financial institution and by a funding arrangement with the Company's sponsor. As previously announced, the M/V Gladiatorship is the second of seven modern secondhand dry bulk vessels that the Company has agreed to acquire for a gross purchase price of approximately $183M. The acquisition of the remaining vessels is expected to be completed by November 30.

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