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Term, so we made the tough choice to method our commercial partners michael kors outlet canada and commence a voluntary restructuring of our business and stability sheet. With the professional guidance of Moelis Business, S. Goldman Advisors LLC, replica michael kors handbags and Fried, Frank, Harris, Shriver Jacobson LLP, we have emerged from this process as a important and competitive business. I am deeply grateful to the people of NewLead for their difficult function and loyalty during this challenging period." Michael Zolotas ongoing, "With the restructuring successfully total, we will seek to develop the Business by exploring current and new company segments. With our recently stable stability sheet and business, we think that we will be able to profitably broaden our company inside a short period of time." Publish Restructuring Financial debt and Shares Outstanding NewLead reduced the amount of debt cheap michael kors handbags in its stability sheet by roughly $578.three million to about $108. million. Of this amount, $fifty million will be represented by a four.five% convertible note due in 2022. At the choice of the Business, annual interest payments and principal repayment on the maturity of the be aware may be satisfied by issuing extra shares of typical stock. As of November thirty, 2012, NewLead had 309,510,713 shares of typical inventory excellent. On closing of the last phase of the restructuring, expected throughout December of 2012, NewLead expects to have a complete of 442,880,573 shares of common inventory excellent. NewLead's preliminary fleet will consist of four vessels below control. Management believes that this section will permit them to consider benefit of emerging dynamics in the maritime business. About NewLead Holdings Ltd. "Safe Harbor" Assertion below the Private Securities Litigation Reform Act of 1995 This push release includes assumptions, anticipations, projections, intentions and beliefs about future occasions. These statements, as well as words this kind of as "foresee," "estimate," "venture," "strategy," and "anticipate," are intended to be ''forwardlooking" statements. We warning that assumptions, anticipations, projections, intentions and beliefs about future occasions might differ from real outcomes and the differences can be materials. Forwardlooking statements consist of, but are not restricted to, such issues as future working or monetary results our liquidity position and money flows, our capability to borrow additional quantities under our revolving credit facility and, if required, to obtain waivers from our lenders and restructure our financial debt, and our capability to continue as a going problem statements about prepared, pending or current vessel disposals and/or acquisitions, company technique, long term dividend payments and expected capital spending or working costs, such as drydocking and insurance costs statements about trends in the product tanker and dry bulk vessel transport segments, such as charter prices and elements impacting supply and demand anticipations regarding the availability of vessel acquisitions completion of repairs length of offhire availability of michael kors replica handbags charters and anticipated developments with respect to any pending litigation. The forwardlooking statements in this push launch are primarily based on numerous assumptions, numerous of which are based, in flip, on further assumptions, including with out