BRIEF-Excel secures extension on credit facility and the waiver of certain covenants

Oct 1 (Reuters) - Excel Maritime Carriers Ltd :

* Secures banks' agreement to the extension of its equity raising commitment

and the waiver of certain covenants

* Agreed under its $1.4BLN credit facility to extend its equity raising

commitment through December 31, 2012

* Also, on October 1, 2012, Excel exercised its option to defer the instalment

of $24.3 million due on that date.

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