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Odyssey Marine Exploration amended a $5 million term loan with Fifth Third Bank, securing the loan with nearly 25,000 numismatic coins.
The coins were recovered from the SS Republic shipwreck, according to a company filing with the U.S. Securities and Exchange Commission.
The SS Republic was a Civil War-era steamship that sank in a hurricane in 1865 while traveling from New York to New Orleans. Odyssey Marine (Nasdaq: OMEX) discovered the shipwreck about 100 miles off the coast of Georgia.
The…
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