Font size: A A A A
  
Home > Trip Types and Activities > Cruises
Font size: A A A A

Ambassadors To Close AWSC Deal in First Quarter

January 5, 2006 By: Susan Young Travel Agent


On Dec. 27, 2005, Ambassadors International signed a deal to acquire American West Steamboat Company and, provided certain provisions are met, the deal will close during the first quarter of 2006. Business is expected to continue for AWSC as normal during 2006, and product announcements concerning the 2007 operating season will be released on or about March 1. In addition, David Giersdorf, a former Holland America executive, will become president and chief operating officer of Ambassadors Cruise Group. The transaction is subject to the approval of certain debt covenant amendments by the U.S. Department of Transportation, as well as customary closing conditions. Under the terms of the agreement, Ambassadors Cruise Group will acquire the membership interests of American West Cruises for one dollar, repay certain outstanding indebtedness of approximately $4.3 million currently held by American West Cruises and assume approximately $41.5 million in fixed-rate, 4.63 percent debt payable through 2028 and guaranteed by the U.S. Maritime Administration.


What do you think of this $type?
 

This comprehensive guide begins at Alfava Metraxis and ends at Doctor Who Magazine wins the ACE Press Award 0 Following its record breaking ABC figure earlier this year, Doctor Who Magazine had cause for further celebration at the 2014 ACE Press Awards held https://www.levitradosageus24.com/ viagra bedeutung online apotheke at the Museum of London. This may take a second or two.