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FSL Trust Refinances Existing Syndicated Loan

first_imgFSL Trust Management, the trustee-manager of Singapore-based First Ship Lease Trust, has completed the refinancing of all outstanding amounts under an existing syndicated loan.Namely, the company said that the refinancing was finalized using funds from new loan facilities as well as internal resources.Additionally, in its filing to the Singapore Exchange, FSL Trust informed that it has applied for, and been granted leave, by the High Court to withdraw its application to convene a court meeting to approve a scheme of arrangement.As such, there will be no court meeting held and no scheme of arrangement made between the company and its lenders. The moratoria obtained by the company and its vessel owning subsidiaries have also been discharged.In early July, FSL Trust secured a total of USD 108 million via three separate loan facilities. Specifically, a USD 50 million facility agreement was signed with Hellenic Bank Public Company, USD 40 million loan was inked with Chailease International Financial Services and USD 18 million facility agreement with Amsterdam Trade Bank N.V.last_img read more

Horgan – Ireland can win World Cup

first_img Press Association Horgan admits however that Ireland must scale the mental hurdle that accompanies what would represent the “uncharted territory” of contesting a first-ever World Cup semi-final. “I think Ireland have the capacity to win the competition,” Horgan told Press Association Sport. “If you look at the potential draw they have, they’ve got one big northern hemisphere game against France. “That would put them into a quarter-final against Argentina, then it could be a semi-final against England, and anything can happen from there. “But you have to frame that against the fact that Ireland have never been to the semi-final before. “It’s not something they are used to be doing. “It’s really uncharted territory.” Horgan believes Ireland’s tournament-winning experience at both club and Test level leaves Schmidt’s squad better-placed than any in the past for World Cup success. Former British and Irish Lions wing Horgan believes Joe Schmidt’s men “have the capacity” to win the autumn’s World Cup – but only if they hold their nerve. The ex-Leinster and Ireland battering ram is confident back-to-back RBS Six Nations titles can hand head coach Schmidt’s men an edge in England. The 65-cap wing was part of the 2007 World Cup “disaster” where Ireland failed to reach the knockout stages, that sowed the seed for Eddie O’Sullivan’s departure after the 2008 Six Nations. Horgan, now working as a lawyer in London, insists Ireland will approach this year’s World Cup a team transformed, now equipped to reach that elusive first semi-final, and move further still. “In the 2007 Six Nations we didn’t quite pull off our run chase against Italy, we went into that World Cup really expecting big things and it ended in disaster,” said Horgan, speaking to back Land Rover’s ‘We Deal In Real’ campaign. “So you have to be able to deal with the psychological side of things. “Our team in 2007, we won a number of Triple Crowns, but we hadn’t won a championship. “This team do have those kinds of championship wins behind them though. “So you would think they would be able to deal with it well, but there is a step-up psychological pressure that comes with the World Cup. “It’s a different kind of pressure and it’s one they’ve got to handle. “The experience of winning back-to-back Six Nations titles is going to stand them in great stead with that. “Ireland don’t win very many championships, so it’s been a remarkable run. “Even if Ireland hadn’t won the championship they would still have taken a great deal out of everything that went on. “It’s a very good group of players that have had significant success in their careers. “You’re talking guys who have won two or three Heineken Cups, Grand Slams, championships and Pro12 titles. “But you’ve got key decision-makers in the key positions, Murray and Sexton both performing well, Sean O’Brien and Jamie Heaslip going well too. “Now there’s a front-row that has four props that can hold their own at Test level. “And then there’s Joe Schmidt who is an exceptional technical coach, and those things combined are providing a successful period.” :: Land Rover ambassador Shane Horgan was speaking as part of the ‘We Deal In Real’ campaign, championing the people at the heart and soul of the game by putting grassroots clubs on the global stage. www.landrover.com/rugby @LandRoverRugby #WeDealInReal Ireland must conquer the “step-up in psychological pressure” to become genuine World Cup contenders, according to Shane Horgan.last_img read more

New Lakers management wastes little time, trades Lou Williams to Houston for Corey Brewer, first-round pick

first_img AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREUCLA alum Kenny Clark signs four-year contract extension with Packers“Thanx for the love L.A, I’ve enjoyed my stay,” Williams tweeted Tuesday evening.Brewer, a nine-year veteran, might play a modest role with the Lakers after averaging a career-low 4.2 points in 15.9 minutes off the bench this season with the Rockets. But the Lakers gained an additional draft pick to complement a young roster that includes D’Angelo Russell, Julius Randle, Brandon Ingram, Jordan Clarkson, Larry Nance Jr. and Ivica Zubac.The Lakers could make more deals before Thursday’s trade deadline, though Johnson called the team’s young core “untouchable.” The Lakers didn’t limit their changes to the front office on Tuesday. They also started making changes to their roster, too.The Lakers traded veteran guard Lou Williams to the Houston Rockets for veteran small forward Corey Brewer and a first-round pick, according to the Vertical’s Adrian Wojnarowski.Though the Lakers have not confirmed the deal, the move illustrated the vision that Magic Johnson had outlined earlier as the team’s new president of basketball operations. Johnson had said Williams “has been probably the player everybody has been calling about the most.”Though Williams is averaging career-highs this season in points (18.6 points) and field-goal percentage (44.4) the 30-year-old reserve guard did not fit in the Lakers’ long-term plans. Newsroom GuidelinesNews TipsContact UsReport an Errorlast_img read more