Rickmers Maritime calls EGM for note restructuring
Debt-to-equity swap to be tabled at Oct 31 EGM; noteholders offered S$500,000 special coupon repayment
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Singapore
RICKMERS Maritime said before trading hours on Friday it is pressing on to seek unitholders' approval at an extraordinary general meeting (EGM) on Oct 31 for a debt-to-equity swap under a revised restructuring plan for S$100 million medium-term notes (MTNs) due in 2017.
The revised plan, which will see noteholders pick up 60 per cent of the proposed enlarged capital, was unveiled after an informal noteholder meeting in September.
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