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First Ship Lease Trust
21-05-2017, 07:59 PM,
Post: #351
RE: First Ship Lease Trust
Navios Maritime may be in a worse position than FSL. The bonds has a coupon of 7.375% and is trading below water at $81.50.
https://sportsperspectives.com/2017/05/2...lower.html

If Navios does eventually take up a stake in FSL, I think there's a chance dividend will be restarted. Navio's capital injection should resolve FSL's refinancing issue, and Navios should have the incentive to upstream the cash from FSL via dividends.

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