Emas lenders agree to refinance debt

Published Mon, Dec 12, 2016 · 11:52 PM

EMAS Offshore has reached agreement with all of its financial lenders to refinance its obligations over a five-year period from Dec 12, 2016, the oil and gas contractor announced on Tuesday before the market opened.

The refinancing will be subject to terms that will be set within 60 days from Dec 12.

Shares of Emas closed at six Singapore cents on Monday, down by 14.3 per cent or one Singapore cent.

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Companies & Markets

Companies & Markets

Emas lenders agree to refinance debt

KEYWORDS IN THIS ARTICLE

Companies & Markets

Netflix handily beats subscriber targets, misses on revenue forecast

Meta releases early versions of its Llama 3 AI model

Seatrium unit ordered to pay US$108 million in arbitration over equipment supply contracts

TSMC estimates losses of US$92.4 million due to Taiwan earthquake

Marina Bay Sands Q1 profit surges 51.5% to US$597 million on tourism boom

US: Wall St opens higher as some chip stocks bounce back after selloff

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