Pacific Radiance to sweeten the latest offer: observers
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
PACIFIC Radiance has improved on its second proposal tabled this year for the restructuring of some S$100 million notes though noteholders still harbour hopes that the offshore support vessel (OSV)-focused group can further sweeten the latest offer.
The Business Times (BT) understands that about 30 out of some 200 holders of these outstanding notes attended Monday's informal meeting, which was called to convey the issuer's latest restructuring proposal. In February, a noteholders' consent solicitation exercise (CSE) convened by the company in support of its debt revamp that was still in the works failed to take off after facing pushback.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
OCBC is said to emerge as lead bidder for HSBC Indonesia assets
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
