THE forbearance agreement between Floatel International and an ad-hoc committee (AHC) of holders of its US$400 million senior secured, first-lien 9 per cent bonds has been extended again, this time to Aug 31, from Aug 15. Read more at The Business Times.
THE forbearance agreement between Floatel International and an ad-hoc committee of holders of its US$400 million senior secured, first-lien 9 per cent bonds has been extended again, this time to Aug 31, from Aug 15.Floatel, an associate company of Keppel Corp, on Sunday announced the standstill extension in an update about its discussions with secured financial creditors.
Aside from the first-lien bonds, Floatel also has US$75 million in second-lien 12.75 per cent bonds and is the borrower under a US$150 million term loan and US$100 million in undrawn revolving revolving credit facilities with a syndicate of bank lenders. Signed in April, the forbearance agreement has been extended several times, and relates to about US$22.8 million in coupon payments due under both the first-lien and second-lien bonds.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
WEEKLY ROUND-UP: Sports happenings in Singapore (10-16 Aug)Here is a round-up of sports events and developments in Singapore in the past week (10-16 August).
Read more »
While You Were Sleeping: 5 stories you might have missed, Aug 17A selection of news stories that happened overnight, Aug 17, 2020.. Read more at straitstimes.com.
Read more »
While You Were Sleeping: 5 stories you might have missed, Aug 16A selection of news stories that happened overnight, Aug 16, 2020.. Read more at straitstimes.com.
Read more »
Coronavirus: New York museums, galleries to reopen from Aug 24NEW YORK (AFP) - New York's museums, art galleries and other cultural institutions will be allowed to reopen starting August 24, state governor Andrew Cuomo said Friday (Aug 14) after a five-month shutdown due to the coronavirus.. Read more at straitstimes.com.
Read more »
New York museums, galleries to reopen from Aug 24New York's museums, art galleries and other cultural institutions will be allowed to reopen starting August 24, state governor Andrew Cuomo said ...
Read more »