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Prospect News home > News index > List of issuers T > Headlines for TMT USA Shipmanagement LLC > News item
Published on 6/28/2013 in the Prospect News Distressed Debt Daily.

TMT USA Shipmanagement gets interim access to lenders' cash collateral

By Caroline Salls

Pittsburgh, June 28 - TMT USA Shipmanagement LLC received interim access to the cash collateral of its secured lenders, according to a Thursday filing with the U.S. Bankruptcy Court for the Southern District of Texas.

The cash collateral will be used for payments needed to preserve and protect its vessels.

TMT, a Houston-based shipping company, filed bankruptcy on June 20. Its Chapter 11 case number is 13-33740.


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