A financing tool that helped Overseas Shipholding Group (OSG) out of Chapter 11 bankruptcy protection may be increasingly used by other owners with large debt obligations.
The potential rise of the “term loan B” market for shipowners was tipped by the bankers who led the OSG facility, Jeffrey Pribor and Harold “Hal” Malone of Jefferies, in an interview this week with TradeWinds.
Jefferies
