Ultrapetrol Announces Discussion of Extension of Forbearance Agreements with Lenders

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Go back to Ultrapetrol Announces Discussion of Extension of Forbearance Agreements with Lenders

Ultrapetrol (ULTR) Surges Following Update on Lender Talks

May 2, 2016 9:46 AM EDT

Ultrapetrol (NASDAQ: ULTR) is surging 57% in early trade after the company disclosed it is in continuing discussions with creditors to extend its existing forbearance agreements, which expired April 30, 2016, through May 31, 2016 and believes that it has sufficient liquidity to fully fund all aspects of its operations.

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