NewYork-quoted Excel, which cashed in on double-digit gains during the marketrally less than two weeksago, watched its stock slip 7.53% to $0.67 in thehour leading up to the close.
Thedip follows a securities filing in which the Athens-based bulker operator announceda series of short-term waivers on commitments linked to a $1.4bn creditfacility.
Inaddition, Excel told investors it has hired Miller Buckfire & Co asfinancial advisors to “assist in evaluating and implementing its restructuringstrategies”.
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