ATHENS, GREECE--(Marketwired - Apr 11, 2017) - Globus Maritime Limited ("Globus," the "Company," "we," or "our"), (NASDAQ: GLBS), a dry bulk shipping company, announced that in April of 2017, it reached amicable agreements with DVB Bank and HSH Nordbank AG on certain amendments and waivers to the terms of the original agreements dated on June 20, 2011 and February 27, 2015, respectively. By these agreements the Company was able among other things to receive waivers and relaxations on its loan covenants as well as defer instalment loan payments due in 2017. Final documents have not yet been executed.
Athanasios "Thanos" Feidakis, President, Chief Executive Officer and Chief Financial Officer of Globus Maritime Limited, commented, "We are very pleased that our efforts with our lenders have been fruitful. Our agreements with both DVB Bank and HSH Nordbank AG to gain waiver relaxations of our financial covenants as well as the deferrals in our installment loan payments gives the Company a breather and allows us to concentrate in our operational activities and plan ahead."
About Globus Maritime Limited
Globus is an integrated dry bulk shipping company that provides marine transportation services worldwide and presently owns, operates and manages a fleet of dry bulk vessels that transport iron ore, coal, grain, steel products, cement, alumina and other dry bulk cargoes internationally. Globus's subsidiaries own and operate five vessels with a total carrying capacity of 300.571dwt and a weighted average age of 9.1 years as of March 31, 2017.
Safe Harbor Statement
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