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Ezion proposes scheme of arrangement to address US$740m debt

As part of the deal with Yinson, Ezion stands to get a much-needed working capital of US$40m from major secured lenders. This will allow Ezion's liftboats to be reactivated before completion of the proposed transaction.


TROUBLED Ezion Holdings may be beaten down but unlike many offshore and marine (O&M) peers, it is not quite out for the count.

On Wednesday, the operator of liftboats and jack-up rigs proposed a scheme of arrangement to tackle US$740.9 million of unsecured and...

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