Limestone Boat misses interest payment under trust indenture

Chicago, Jan. 17 – Limestone Boat Co. provided a notice of default under its trust indenture from May 14, 2021 with TSX Trust Co. as trustee, according to a press release.

The company failed to make the interest payment due on Jan. 3.

The company said it continues to pursue alternative liquidity and financing proposals and remains committed to continuing its long-term operations as soon as possible.

The owner and builder of Aquasport Boats, Limestone Boats and Boca Bay Boats is based in Collingwood, Ont.

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