Toisa, a shipowning vehicle controlled by Greek magnate Gregory Callimanopulos, has received bankruptcy court approval for the use of cash collateral secured by two of its major lenders, Citibank and Credit Agricole. Toisa filed for Chapter 11 at a court in New York this January.
Toisa’s vessel United Journey, which was released by Citibank, has a charter and is now back in service and generating income.
, which was released by Citibank, has a charter and is now back in service and generating income.“Toisa’s operations continue to run normally as the company works constructively with its stakeholders on a global resolution to its debt restructuring,” the company said in a release.
