HSH Nordbank Looking to Sell All Shares in FSL Trust

first_imgGodan GmbH, the controlling unitholder of First Ship Lease Trust (FSL Trust), is in discussions with investors for a potential sale of all of its shares in FSL Holdings, the sponsor of the trust.FSL Holdings, through FSL Asset Management, owns all of the shares of the trustee-manager.The sale by Godan, a subsidiary of HSH Nordbank AG, would result in the change of the beneficial ownership of the sponsor and the trustee-manager.“The trustee-manager views this as a positive development for the trust and anticipates that with a long-term strategic investor controlling the sponsor, prospects for a refinancing and/or extension of the trust’s indebtedness should be greatly improved,” FSL Trust Management said.The manager added that there “is no certainty or assurance as at the date of this announcement that Godan will enter into any definitive agreements for the sale of FSL Holdings.”last_img read more

Several ramps on I-74 scheduled for milling and paving starting next week

first_imgPaving on all ramps will occur starting Thursday, September 19 they will start on (EB ramps, then WB ramps with each being closed separately at each location):Thursday, 9/19 (7 p.m. to 6 a.m.) at Exit 156Friday, 9/20 (7 p.m. to 6 a.m.) at Exit 149Saturday, 9/21 (7 p.m. to 6 a.m.) at Exit 143Sunday, 9/22 (No work scheduled)Monday, 9/23 (7 p.m. to 6 a.m.) on C.R. 850 E. overpass (overpass open with flaggers) Tuesday, 9/24 to Thursday, 9/26 at Exit 143 Pipe installation on EB off-ramp (6 a.m. to 7 p.m. on 9/24)Paving (7 p.m. on 9/24 through 9/25)9/26 will be utilized as a workday if necessary Decatur, Franklin, and Ripley Counties— Milestone Contractors will begin milling and paving at three I-74 interchanges in Decatur, Franklin and Ripley Counties on or after Monday, September 16, weather permitting, as crews move toward the completion of the $61 million I-74 reconstruction project that began in August of 2017.Work will take place as follows on all ramps at Exit 156 (S.R. 101/Sunman/Milan), Exit 149 (S.R. 229/Oldenburg/Batesville) and Exit 143 (St. Maurice/New Point) from September 16 to 26, weather permitting.Milling on all ramps next week and will have (no ramp closures scheduled):Monday 9/16 (6 p.m. to 6 a.m.) at Exit 156Tuesday, 9/17 (6 a.m. to 6 p.m.) at Exit 149Wednesday, 9/18 and Thursday, 9/19 (6 p.m. to 6 a.m.) at Exit 143 and C.R. 850 E. overpass (overpass open with flaggers)Friday, 9/20 (6 p.m. to 6 a.m.) at WB I-74 Rest Area (currently closed) Motorists may enter or exit I-74 at the exit before or after each closed ramp. A signed detour will also be available via S.R. 46. The entire I-74 reconstruction project is scheduled to be completed in late October or early November of this year. All drivers are urged to slow down and continue using caution in and near the work zone. All schedules are subject to change.last_img read more