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March 12, 2014
08:54 EDTTEUBox Ships reports Q4 adjusted EPS 19c vs. 19c a year ago
Reports Q4 adjusted time charter revenues $18.56M vs. $19.38M a year ago. The company said last night, "The fourth quarter of 2013 was a challenging one, despite being our eleventh consecutive profitable quarter as a public company. The containership market continues to be pressured by the extended weakness in Europe and the United States, and charter rates have continued to decline during the fourth quarter."
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December 17, 2014
09:30 EDTTEUBox Ships finalizes agreements with lenders
Box Ships has entered into an agreement with the last remaining lender in the company's amendment of its loan agreement terms. The company agreed with the lender to waive certain covenants and amend the repayment profile of the loan through its maturity. In return for paying the next four installments up front, the bank has agreed to defer the following four installments so that no additional principal payments will be made until 2017. In addition, the bank has agreed to waive or remove certain financial covenants for as long as it has similar agreements in place with the other lenders. With this agreement in place, the company has now completed the exercise of amending its loans.

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