Paragon Shipping (PRGN) 'Buy' Reiterated at Jefferies Despite Weak Q1
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Paragon Shipping Inc. (PRGN) Misses Q1 EPS by 16c
May 19, 2014 4:10 PM EDTParagon Shipping Inc. (NASDAQ: PRGN) reported Q1 EPS of ($0.26), $0.16 worse than the analyst estimate of ($0.10). Revenue for the quarter came in at $13.45 million versus the consensus estimate of $13.9 million.
Financing Update
On May 6, 2014, the Company completed the documentation for a senior secured loan facility with a syndicate of major European banks led by Nordea in an amount of $160.0 million, $40.0 million more than the previously announced size. This new, upsized facility will be used for the refinancing of six... More
