(Reuters) - Ultrapetrol (Bahamas) Ltd announced the sale on May 15, 2013 of a further seven tank barges to a third party in Colombia who have exercised their option for these additional barges.
The barges are scheduled for delivery at the end of 2013. On May 15, 2013, the Company received a Committed Term Sheet from DVB Bank SE for an up to US$40 million, three-year reducing revolver facility. The commitment under this revolver decreases quarterly by US$1.25 million, or US$5 million per
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