Vallianz gets support to repay part of US$163m debt, lenders to get shared security package

Singapore

OFFSHORE support vessel (OSV) owner-operator Vallianz Holdings has secured its lenders' support to push out repayment of some of the group's US$163.2 million borrowings.

The OSV-focused player and several of its subsidiaries had entered into a framework agreement with their lenders, a disclosure after Friday trading hours said.