You are here

Rickmers faces uphill task in new note revamp plan

Need for trust-manager to convince unit-holders as note-holders' wish for a more substantial debt-to-equity swap spells big unit dilution


FOLLOWING recent feedback from note-holders, Rickmers Maritime's trustee-manager has tabled a revised note restructuring plan that comes with a more substantial debt-to-equity swap. But, given the substantial equity dilution, its task of seeing this plan through may be an uphill...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to