ASL Marine seeks to extend maturity date of its notes, amend interest rates payable
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SHIPBUILDER and vessel charterer ASL Marine Holdings is seeking approval from note holders to extend the maturity date of its notes for three years, it said in a Singapore Exchange (SGX) filing on Thursday.
It is also seeking to amend interest rates payable as well as to introduce a call option and mandatory redemption event for the notes, allow for a form of security to be taken and amend certain financial covenants applicable to the notes, subject to the terms and conditions of the Consent Solicitation Statement, the filing said.
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