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

Vallianz is restructuring its balance sheet to weather a multi-year sectorial downturn

Published Fri, Mar 10, 2017 · 09:50 PM

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.

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