The company has paid $15.1m to retire a $21.5m facility, which is a discount of 30% on the debt.
The agreement with the lender will allow Michael Bodouroglou-led Box Ships to log a $6.4m gain in its third-quarter books.
The chief executive said the repayment “allows the company to consider several financing alternatives that will further strengthen our balance sheet and contribute to our free cash flow".
Box
