Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
Trump Backs Nexstar–Tegna Merger Amid Shifting U.S. Media Landscape 
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch 
Washington Post Publisher Will Lewis Steps Down After Layoffs 
Samsung Electronics Shares Jump on HBM4 Mass Production Report 
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
DBS Expects Slight Dip in 2026 Net Profit After Q4 Earnings Miss on Lower Interest Margins 
American Airlines CEO to Meet Pilots Union Amid Storm Response and Financial Concerns 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns 
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026 
Weight-Loss Drug Ads Take Over the Super Bowl as Pharma Embraces Direct-to-Consumer Marketing 
Kroger Set to Name Former Walmart Executive Greg Foran as Next CEO 
Anta Sports Expands Global Footprint With Strategic Puma Stake 
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine 
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil 
 Limited Announces Results of Forbearance Solicitation - EconoTimes)
NASSAU, Bahamas, Feb. 11, 2016 -- Ultrapetrol (Bahamas) Limited (Nasdaq:ULTR) (the “Company”), a Bahamas corporation, announced today the results of its forbearance solicitation in connection with the Company’s 8 7/8% First Preferred Ship Mortgage Notes Due 2021 (CUSIP 90400X AF1 / ISIN US 90400 AF15) (the "Notes"). The forbearance solicitation expired at 5 p.m. EST on February 9, 2016 (the "Expiration Time").
As of the Expiration Time, the Company had received the consent of holders of $223,348,000 aggregate principal amount of the Notes, representing approximately 99.27% percent of the Notes outstanding. Accordingly, each holder that submitted a Forbearance Form will receive $8.954635 per $1000 in aggregate principal amount of Notes held.
The Company launched the forbearance solicitation to obtain the consent of holders of the Notes to forbear from taking any action to accelerate any indebtedness under the indenture or any enforcement action or exercise any remedies whatsoever through March 31, 2016 with respect to the Company’s failure to make the interest payment due on December 15, 2015 on the Notes.
U.S. Bank National Association acted as the Tabulation Agent.
Advisory: This press release is for informational purposes only and is not being made in any jurisdiction in which the making of this announcement would violate the laws of such jurisdiction, nor is it an offer to purchase or sell, a solicitation of an offer to purchase or sell, or a solicitation of consents with respect to any securities. The solicitation was made solely pursuant to a forbearance solicitation statement dated January 29, 2016 and the related forbearance form (as amended on February 8, 2016).
About Ultrapetrol
Ultrapetrol is an industrial transportation company serving the marine transportation needs of its clients in the markets on which it focuses. It serves the shipping markets for containers, grain and soy bean products, forest products, minerals, crude oil, petroleum, and refined petroleum products, as well as the offshore oil platform supply market with its extensive and diverse fleet of vessels. These include river barges and pushboats, platform supply vessels, tankers and two container feeder vessels. More information on Ultrapetrol can be found at www.ultrapetrol.net.
The IGB Group Bryan Degnan 646-673-9701 [email protected] Or The IGB Group Leon Berman 212-477-8438 [email protected]
