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Swiber, Pacific Radiance up next for debt revamp
One option under consideration calls for extending the repayment tenure of the bank loans to as long as 15 years
Published Mon, May 30, 2016 · 09:50 PM
Singapore
BANKS have cracked on with restructuring of the outstanding loans on the highly-geared balance sheets of listed companies Swiber Holdings and Pacific Radiance.
The pair of listed offshore and marine (O&M) players are said to be the next in line for refinancing consideration after banks here helped bail out Ezra Holdings' then expiring bond issue in March.
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