Please turn to slide six for a summary of our amended loan terms. The $1.1 billion of debt outstanding under our previous facility has been amended into a term loan. In addition, we have secured a liquidity facility in the amount of $20 million. This amount is currently undrawn and available.Maturity has been extended to December 2015 and subject to certain conditions, the company maintains the option to extend maturity by a further 18 months to June 2017. The amended loan contains a quarterly cash sweep on amounts above $20 million with no fixed amortization until maturity.
Eagle Bulk Shipping's CEO Discusses Q2 2012 Results - Earnings Call Transcript
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