Analysis of information sources in references of the Wikipedia article "Navigator Gas" in English language version.
The impact of the significantly lower freight rates has increased the likelihood of reliance on the letter of credit structure covering interest shortfalls on the first mortgage notes of up to two years from initial delivery ( $40 million) and working capital ($5 million) during start-up operations. Up to two years of interest payments on the second priority notes can be deferred. Drawings under the letter of credit are secured by a super priority lien on the vessels effectively subordinating both the first and second mortgage notes.
Wilbur Ross, the commerce secretary, retained investments in a shipping firm with business ties to Russian President Vladimir V. Putin's inner circle.
