Dockwise Ltd : Dockwise files waiver request with lenders
(Thomson Reuters ONE) -
Breda, the Netherlands, 13 October 2011. Dockwise Ltd. announces it has filed a
waiver request on a single covenant with its lender syndicate, for contingency
purposes.
On October 5(th) 2011, Dockwise announced a comprehensive package of measures
to ensure that, under current market circumstances, Dockwise remains within its
leverage ratio as agreed with the lender syndicate. The waiver request serves
contingency planning purposes and would provide additional headroom in
extraordinary market circumstances.
In the waiver request, Dockwise seeks consent for a temporary relaxation of
the leverage ratio (net debt over EBITDA) for the period March 2012 until
September 2013.
Dockwise will publish Q3 results on November 11(th) 2011 (07:30 hrs CET). This
is one week earlier than the previously announced date of November 18(th) 2011.
For further information, please contact:
Fons van Lith
M: +31 (0)651 314 952
T: +31 (0)76 5484 116
E:Fons.van.lith(at)dockwise.com
About Dockwise Ltd/The Dockwise Group
Dockwise Ltd., a Bermuda incorporated company, has a workforce of more than
1,200, both offshore and onshore. The company is the leading marine contractor,
providing total transport services to the offshore, onshore, and yachting
industries, as well as installation services for extremely heavy offshore
platforms. The Group is headquartered in Breda, the Netherlands. The Group's
main commercial offices are located in the Netherlands, the United States, and
China, with sales offices in Korea, Australia, Brazil, Russia, Singapore,
Malaysia, Mexico, and Nigeria. The Dockwise Yacht Transport business unit is
headquartered in Fort Lauderdale and has an office in Italy. The Dockwise
Shipping network is supported by agents in Norway, Argentina, and Italy. To
support all of its services to customers, the group also has three additional
engineering centers in Houston, Breda, and Shanghai, which manufacture specific
motion-reduction equipment, such as LMU (Leg Mating Units) and DMU (Deck Mating
Units).
Dockwise shares are listed on the Oslo Stock Exchange under ticker DOCK and on
NYSE Euronext, Amsterdam under ticker DOCKW. For more information, visit our
website at www.dockwise.com
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Dockwise Ltd via Thomson Reuters ONE
[HUG#1554818]
Unternehmensinformation / Kurzprofil:
Datum: 13.10.2011 - 18:14 Uhr
Sprache: Deutsch
News-ID 76043
Anzahl Zeichen: 3168
contact information:
Town:
Breda
Kategorie:
Business News
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