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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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.
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