Another refinancing step forward for Horizon lines
“We appreciate the continued support of our lender group while we navigate through the complex process of refinancing our entire capital structure,” said Michael Avara, Executive VP and CFO. “This amendment will provide additional financial covenant flexibility as we work with our banks and our convertible note holders towards a comprehensive refinancing, which we announced earlier this month.”
A copy of the credit agreement amendment is included as an exhibit to a current report on Form 8-K that Horizon Lines filed with the SEC on June 24, 2011.
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