ROCLF Announces Resolution Agreement with German Banks [delayed]
Ridgeland, MS, JAN 15, 2004 (EventX/Knobias.com via COMTEX) -- Royal Olympic Cruise Lines Inc. (ROCLF) announced that it and two of its subsidiary companies, Olympic World Cruises, Inc. and Royal World Cruises, Inc., owners of the cruise ships OLYMPIA VOYAGER and OLYMPIA EXPLORER respectively, which latter two companies are subject to a Chapter 11 reorganization proceeding pending in Honolulu, Hawaii, have amicably resolved their differences with German lending institutions by an agreement for the resolution of the pending proceedings by consent. The terms and effect of the agreement relative to these two ships will be made shortly.
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01/15/04 - 1:35 p.m. Eastern -- 15-20 min Quote Delay
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