The nonprofit institute that manages the well-known Semester at Sea study abroad program has signed a “standstill agreement” with a German bank to prevent action by its creditors after it missed payments on an $83.5 million loan for its cruise ship, the Daily Progress of Charlottesville, Va., reported. Read more...28 juillet 2014
Semester at Sea Entered into Deal with Creditors to Sell Ship
The nonprofit institute that manages the well-known Semester at Sea study abroad program has signed a “standstill agreement” with a German bank to prevent action by its creditors after it missed payments on an $83.5 million loan for its cruise ship, the Daily Progress of Charlottesville, Va., reported. Read more...
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