OFFSHORE and marine group Ezion Holdings has secured a US$1.5 billion lifeline from its six secured lenders, crossing another milestone in its months-long debt restructuring exercise.

EZION Holdings has secured a US$1.5 billion financial lifeline from its six secured lenders, crossing another milestone in its debt restructuring process.

FIRST Real Estate Investment Trust (First Reit) has secured up to S$400 million in syndicated secured financing facilities from OCBC Bank, its manager Bowsprit Capital Corporation announced on...

FIRST Ship Lease Trust (FSL Trust) has sold a chemical tanker for US$13.8 million to help cut its debt.

EDITORIAL

LAST week's announcement by offshore and marine (O&M) firm Ezion Holdings that it has secured a landslide vote to refinance about S$575 million worth of notes and perpetuals was significant...

LIFTBOAT operator Ezion Holdings is convening a second informal meeting on Oct 19 at 4pm for holders of its S$120 million Series 009 notes.

NEWS ANALYSIS

EZION Holdings has more ground to cover if it wants to secure the greenlight for the refinancing of S$575 million of notes and perpetuals.

EZION Holdings before trading hours on Tuesday, sought support from security holders towards pushing out principal redemption for notes and cutting coupon rates on notes and perpetuals (see amendment...