You are here

Noteholders issue direct demand to Rickmers Maritime

They want cash now, saying they are not convinced the MTN restructuring proposal is equitable and transparent

rickmers.jpg
The trustee-manager of Rickmers Maritime Trust is expected to receive on Monday a "notice of acceleration" from a noteholder group demanding immediate payment of their share of the S$100 million medium-term notes (MTN) being proposed for restructuring.

Singapore

THE trustee-manager of Rickmers Maritime Trust is expected to receive on Monday a "notice of acceleration" from a noteholder group demanding immediate payment of their share of the S$100 million medium-term notes (MTN) being proposed for restructuring.

The noteholder