In re OVERSEAS SHIPHOLDING GROUP, INC., et al. PLAN TERM SHEETOverseas Shipholding Group Inc • February 12th, 2014 • Deep sea foreign transportation of freight
This term sheet (the “Term Sheet”) sets forth the principal terms to be included in a chapter 11 plan of reorganization (the “Plan”) that is subject of the Plan Support Agreement dated February 11, 2014 between the Debtors and the Consenting Lenders.1 Capitalized terms used and not otherwise defined in this Term Sheet shall have the meanings ascribed to them in the Plan Support Agreement, or customarily ascribed to them in a plan of reorganization or disclosure statement as applicable.
