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Stock Market & Financial Investment News

News Breaks
July 22, 2014
16:11 EDTTEUBox Ships announces full repayment of loan with Commerzbank
Box Ships announced the full repayment of the outstanding amount under its loan agreement with Commerzbank AG, dated July 29, 2011. The outstanding amount of the loan, as of July 21 amounted to $21.5M and the parties agreed to the payment of $15.0M plus accrued interest, in full and final settlement of the loan. The gain from this transaction is expected to be approximately $6.4M and will be reflected in the Q3.
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May 26, 2015
16:04 EDTTEUBox Ships reports Q1 adjusted EPS 3c, three estimates 1c
Reports Q1 revenue $11.25M, one estimate $13M. The company said it is "currently in discussions to charter our OOCL vessels, upon their redelivery to us, at what we anticipate to be profitable rates, while we are also in discussions with the existing lender to extend the respective loan. We believe there is increasingly room for optimism as we expect improved rates and our financing arrangements to give us increased flexibility and liquidity until the end of 2016."

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