AGREEMENT REGARDING DEBT ASSUMPTIONAgreement Regarding Debt Assumption • June 2nd, 2006 • Horizon Lines, Inc. • Water transportation • New York
THIS AGREEMENT REGARDING DEBT ASSUMPTION is made and entered into this 7th day of April 2006, by and between SHIP FINANCE INTERNATIONAL LIMITED., a Bermuda company (“SFL”), SFL HOLDINGS, LLC, a Delaware limited liability company and direct wholly-owned subsidiary of SFL (“SFL Holdings”), the five companies listed on the signature page hereto, each a Delaware limited liability company and indirect wholly-owned subsidiary of SFL (each an “Owner” and collectively, the “Owners”), HORIZON LINES, INC., a Delaware corporation (“Horizon”), HORIZON LINES, LLC, a Delaware limited liability company and wholly-owned subsidiary of Horizon (“HLL”), and FORTIS CAPITAL CORP., a Connecticut corporation (“Agent”), as agent for the various lenders (each a “Lender” and collectively, the “Lenders”) named in that certain Credit Agreement, dated the date hereof, among the Owners, as joint and several Borrowers, the Agent as Sole Book Runner, Lead Arranger, Agent and Security Trustee, and the Lenders as Lende
