Noteholders give landmark nod to Marco Polo's debt restructuring

Singapore

IN a landmark vote on Wednesday, Marco Polo Marine's noteholders threw their support behind the restructuring of S$50 million notes which will pave the way for a new S$60 million equity injection for the offshore support vessel-focused listed group.

Noteholders holding an aggregate of S$39.25 million, or 78.5 per cent of the notes principal, were represented by proxies or physically present at the meeting.

Out of the total 157 votes cast, 14…