Athens, Greece,, Sept. 26, 2013 (GLOBE NEWSWIRE) -- FreeSeas Inc. ( Nasdaq CM: FREE)( "FreeSeas'' or the " Company"), a transporter of dry-bulk cargoes through the ownership and operation of a fleet of six Handysize vessels and one Handymax vessel, announced today that it has entered into an assignment and amendment agreement (the " Assignment") with Deutsche Bank Nederland N.V.(" Deutsche Bank"), a Magna Group affiliate fund Hanover Holdings I, LLC (" Hanover"), Crede CG III, Ltd (" Crede") a wholly-owned subsidiary of Crede Capital Group, and various wholly-owned subsidiaries of the Company.
FreeSeas Announces Assignment Of The Debt Purchase And Settlement Agreement
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