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Rickmers Maritime's notes restructuring plan rejected again

Financial adviser to one noteholder group denies claim the group sought to liquidate shipping trust

Published Wed, Dec 21, 2016 · 09:50 PM
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Singapore

THE noteholders of Rickmers Maritime on Wednesday thumbed down a repeated attempt by the shipping trust to restructure S$100 million of medium term notes (MTN) maturing in May 2017.

The trustee manager of container shipping-focused Rickmers Maritime said during Wednesday lunch hour, 212 votes or 67.3 per cent of the 315 votes from noteholders at the meeting were not in favour of the restructuring proposal.

KEYWORDS IN THIS ARTICLE

Insolvency

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