Excel Maritime, other parties sent to mediation to resolve plan issues

By Caroline Salls

Pittsburgh, Sept. 13 - Excel Maritime Carriers Ltd. and several other parties to its Chapter 11 case were ordered to non-binding mediation in an attempt to resolve disputes over plan-related issues, according to a Sept. 13 filing with the U.S. Bankruptcy Court for the Southern District of New York.

In addition to the company, the mediation parties will include the official committee of unsecured creditors, a steering committee of secured lenders and funds managed by Oaktree Capital Management, LP, Ivory Shipping Inc. and Robertson Maritime Investors, LLC.

James M. Peck will serve as mediator.

Excel is an Athens, Greece-based owner and operator of dry bulk carriers and a provider of seaborne transportation services for dry bulk cargoes. The company filed for bankruptcy on July 2 under Chapter 11 case number 13-23060.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.