Horizon Lines, based in Charlotte, N.C., told its investors earlier this year that it might default on loans due to a $45 million federal antitrust fine, which was later reduced to $15 million.
The New York Stock Exchange has notified Horizon Lines Inc. that it faces delisting from the exchange.
Horizon is below listing criteria because its market capitalization averaged less than $50 million over 30 consecutive trading days while its stockholders’ equity was less than $50 million. The company has notified the exchange that it will submit a plan to restore compliance.