2001 Maritime
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April 18, 2001

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GULF OFFSHORE 2001 event
Biloxi, MS, June 5 & 6

Pegasus goes cold on FGH loan
Friede Goldman Halter, Inc. says it has been advised that Pegasus Partners II, L.P. no longer intends to pursue a definitive agreement for a proposed $100 million loan to FGH.

FGH says it is "continuing to discuss alternatives with Pegasus and others". However, it warns," there can be no assurance that the company will be able to obtain additional equity or financing on terms that will be acceptable."


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