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Swiber in talks with potential investor for restructuring plan
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Published Thu, Apr 16, 2020 · 09:50 PM
Singapore
DEBT-LADEN offshore and marine group Swiber Holdings, currently under judicial management, is discussing with a third party regarding a possible restructuring deal that includes a US$200 million investment and a bond issuance.
The potential suitor is a Middle East-based oil and gas conglomerate. It is eyeing an at least 80 per cent stake in a new Swiber subsidiary (New Swiber) that will own some assets and contracts of the existing group, Swiber said in a bourse filing.
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