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Pacific Radiance offers noteholders S$100m debt-to-equity swap

It is also seeking release of S$4.3 million - representing two coupon payments - from an escrow account for noteholders

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Published Fri, Jan 19, 2018 · 09:50 PM

Singapore

OFFSHORE and marine group Pacific Radiance is asking holders of its S$100 million medium-term notes to swap their notes for fresh equity, in a bid to restructure its debt.

The firm is also seeking to release a total of S$4.3 million - representing two coupon payments - from an escrow account for noteholders.

pacific radianceDebt restructuringBonds

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