Swiber, Pacific Radiance up next for debt revamp
One option under consideration calls for extending the repayment tenure of the bank loans to as long as 15 years
Singapore
BANKS have cracked on with restructuring of the outstanding loans on the highly-geared balance sheets of listed companies Swiber Holdings and Pacific Radiance.
The pair of listed offshore and marine (O&M) players are said to be the next in line for refinancing consideration after banks here helped bail out Ezra Holdings' then expiring bond issue in March.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
BNP Paribas beats estimates as lower costs offset trading slump
TikTok ultimatum puts US firms in firing line for China response
Toyota and Nissan pair up with Tencent and Baidu for China AI arms race
BHP targets Anglo American in bid valuing miner at US$39 billion
FTSE 100 hits record high on big mining M&A, earnings push
Hermes Q1 sales jump 17% on strong China demand