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Rand Logistics Inc (RLOG.OQ)

RLOG.OQ on NASDAQ Stock Exchange Capital Market

0.22USD
12 Dec 2017
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Latest Key Developments (Source: Significant Developments)

Rand Logistics enters into restructuring support agreement with second lien lender
Wednesday, 22 Nov 2017 06:16am EST 

Nov 22 (Reuters) - Rand Logistics Inc :Rand Logistics-on Nov 17,entered into restructuring support agreement with holder of all of indebtedness outstanding under second lien credit agreement.Rand Logistics- ‍implementation of plan would result in conversion of second lien lender's claims into 100% of outstanding stock of reorganized co​.Rand Logistics - ‍RSA contemplates co will file for voluntary relief under chapter 11 of bankruptcy code in U.S. Bankruptcy court on/before Dec 19​.  Full Article

American Industrial Partners to acquire Rand Logistics
Tuesday, 21 Nov 2017 09:52pm EST 

Nov 21 (Reuters) - Rand Logistics Inc -:AMERICAN INDUSTRIAL PARTNERS TO ACQUIRE RAND LOGISTICS, INC..‍AMERICAN INDUSTRIAL PARTNERS HAS AGREED TO ACQUIRE CO​.‍UNDER TERMS OF AGREEMENT, AIP AGREED TO CONVERT ALL OF CO'S SECOND LIEN DEBT INTO 100% OF NEW COMMON EQUITY OF REORGANIZED COMPANY​.CO'S BUSINESS TO CONTINUE UNINTERRUPTED PENDING COMPLETION OF TRANSACTION.‍TRANSACTION WILL MATERIALLY DE-LEVER COMPANY'S BALANCE SHEET, ELIMINATING APPROXIMATELY $90 MILLION IN OUTSTANDING DEBT.  Full Article

Brent Baird buys 400,000 shares of Rand Logistics on Aug 24
Monday, 28 Aug 2017 02:57pm EDT 

Aug 28 (Reuters) - Rand Logistics Inc ::Brent Baird reports open market purchase of 400,000 shares of Rand Logistics Inc on August 24, 2017 - SEC Filing.  Full Article

Rand Logistics reports quarterly loss per share $0.30‍​
Monday, 14 Aug 2017 05:54pm EDT 

Aug 14 (Reuters) - Rand Logistics Inc -:Qtrly total revenues $32.3 million versus $33.8mln.Rand Logistics Inc qtrly loss per share $0.30‍​.  Full Article

Rand Logistics Q1 loss per share $1.08
Thursday, 6 Jul 2017 06:00am EDT 

July 6 (Reuters) - Rand Logistics Inc :Rand logistics reports fiscal year 2017 financial results.Q1 loss per share $1.08 including items.Rand logistics inc - because of delays in completing certain winter maintenance projects, expect to sail about 50 less days, or 3,550 days, in fy 2018.Rand logistics inc - qtrly freight and related revenue generated from company-operated vessels decreased $0.8 million to $4.0 million versus same period in 2016.Rand logistics - freight,related revenue generated from co-operated vessels decreased $0.8 million to $4.0 million during 3-month period ended march 31, 2017.  Full Article

Rand Logistics files for non-timely 10-K - SEC Filing
Monday, 3 Jul 2017 06:32am EDT 

July 3 (Reuters) - Rand Logistics Inc :Rand Logistics Inc files for non-timely 10-K - SEC Filing.Rand Logistics - Unable to finalize notes to its financial statements to be included in the annual report on form 10-K for the year ended March 31, 2017.Rand Logistics - Unable to finalize form 10-K as a result of pending waivers expected to be received with respect to certain covenant defaults under co's credit facilities.Rand Logistics - Anticipates annual financial statements will reflect a net loss of $19.8 million versus net loss of $5.5 million for corresponding period for last fiscal year.  Full Article

Rand Logistics Inc says co's units enterS first amendment to amendment no. 4 and waiver to credit agreement
Thursday, 15 Jun 2017 04:41pm EDT 

June 15 (Reuters) - Rand Logistics Inc : :Rand Logistics Inc says effective as of June 14, co, co's units entered first amendment to amendment no. 4 and waiver to credit agreement .Rand Logistics Inc - pursuant to amendment, waiver provided in previously disclosed May 31, 2017 first Lien Waiver, was extended to June 30, 2017.Rand Logistics- effective June 14, co, units entered fifth amendment and waiver to credit agreement with guggenheim corporate funding, lightship capital.Rand Logistics - pursuant to fifth amendment, waiver provided in previously disclosed May 31, 2017 second lien waiver, was extended to June 30, 2017.  Full Article

Brent D. Baird reports passive stake of 5.37 pct in Rand Logistics Inc
Monday, 3 Apr 2017 04:25pm EDT 

Rand Logistics Inc :Brent D. Baird reports passive stake of 5.37 percent in Rand Logistics Inc as on March 27, 2017.  Full Article

Rand Logistics announces expectations for 2017 sailing season
Monday, 27 Mar 2017 05:59pm EDT 

Rand Logistics Inc - : Rand logistics announces expectations for 2017 sailing season . Projecting to sail approximately 3,600 days with 14 vessels in 2017 season . Do not expect to utilize any third-party vessels to haul customer tonnage in 2017 sailing season . Presently evaluating several return-generating alternatives for sixth U.S. flagged self-unloader . Expecting tonnage hauled to increase 7% in 2017 sailing season compared to 2016 sailing season .Projecting vessel margin per day for fiscal year ending March 31, 2018 to be approximately $13,400.  Full Article

Rand Logistics Inc files for non-timely 10-Q
Tuesday, 16 Aug 2016 07:30am EDT 

Rand Logistics Inc : Rand Logistics Inc files for non-timely 10-Q - SEC filing .Do not expect to revise any of operating results announced on august 16, 2016.  Full Article

BRIEF-Rand Logistics enters into restructuring support agreement with second lien lender

* Rand Logistics-on Nov 17,entered into restructuring support agreement with holder of all of indebtedness outstanding under second lien credit agreement