Chief financial officer Robert Perri told analysts that the series of loan deals in recent months has reduced the fleetwide break-even levels, a financial measure of how much the average vessel needs to earn pay its costs, to $12,800 per day from $13,500 per day, a 5.2% decrease.
Among the transactions since the start of the second quarter, Paragon forged a deal with HSBC to extend waivers and debt service ratios on one loan from 30 June 2014 to the end of next year.
Paragon
