Ezion sweetens proposal for holders of its notes, perpetuals
It has thrown in extras too for investors who opt to convert securities to shares; deal is a "fair, negotiated outcome"
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Singapore
EZION Holdings has sweetened the proposals on the table for holders of S$575 million of medium-term notes and perpetuals ahead of a consent solicitation exercise (CSE) lined up for Nov 20.
The liftboat-focused owner-operator has lowered the minimum or floor price for holders of Series 3 to 8 notes and perps going with two options providing for conversion of their securities into shares.
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