Dated 8 October 2019 LEFKADA SHIPPING CORPORATION as Borrower and THE BANKS AND FINANCIAL INSTITUTIONS as Lenders and HAMBURG COMMERCIAL BANK AG as Agent, Mandated Lead Arranger and Security Trustee LOAN AGREEMENT relating to a senior secured...Loan Agreement • November 29th, 2019 • Navios Maritime Acquisition CORP • Deep sea foreign transportation of freight
The Lenders have agreed to make available to the Borrower a senior secured post-delivery term loan facility in one advance in an amount of up to the lesser of (A) US$31,800,000 and (B) 60 per cent. of the Initial Market Value of the Ship (as defined below) to partly finance the Market Value of the Ship.
