Star Bulk Carriers (SBLK) says it has agreed in principle with its lenders to amend the terms of...

|About: Star Bulk Carriers Corp. (SBLK)|By:, SA News Editor

Star Bulk Carriers (SBLK) says it has agreed in principle with its lenders to amend the terms of its current loan agreements. Commerzbank agrees to defer payments of $16.7M through 2016. HSH Nordbank AG agrees to defer ~$3.5M and to release $7.5M in pledged cash. And all lenders agree to waive or amend certain existing covenants. (PR)