Mealey's Bankruptcy - Overseas Shipholding: $935M In Financing Needed To Emerge From Bankruptcy

Mealey's Bankruptcy - Overseas Shipholding: $935M In Financing Needed To Emerge From Bankruptcy

WILMINGTON, Del. - Bankrupt Overseas Shipholding Group Inc. (OSG) on April 16 moved in the U.S. Bankruptcy Court for the District of Delaware for approval of $935 million in exit financing with Goldman Sachs Bank NA, which it says will allow the company to emerge "expeditiously" from Chapter 11 bankruptcy (In Re: Overseas Shipholding Group Inc., No. 12-20000, Chapter 11, D. Del. Bkcy.).

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