First Wave set to emerge from bankruptcy
First Wave Marine, Inc., which operates five shipyards in the
Houston/Galveston area, said today that its plan of reorganization
has been confirmed by the U.S. Bankruptcy Court for the Southern
District of Texas.
First Wave says that its current senior secured lender has agreed
to provide it with a post-confirmation $10 million revolving line
of credit and
...... Read more on Marine Log
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