KUALA LUMPUR: Cash-strapped Perisai Petroleum Teknologi Bhd and its joint endeavor accomplice, Emas Offshore Ltd (EOL) have gotten a characteristic offer of financing from a budgetary foundation.
The organization said on Tuesday part of the sum from the characteristic offer would be utilized to achieve "a commonly adequate determination with the organization's noteholders" over the US$20mil notes due.
Perisai and EOL were in chats with the money related organization to secure a formal letter of offer subject to fulfillment of specific conditions.
"As a major aspect of the characteristic financing bundle above, EOL and Perisai are in talk and working towards determining different issues amongst themselves, including a put alternative that was allowed by EOL to the organization over the organization's 51% shareholding in SJR Marine (L) Ltd (SJR).
"The organization and EOL are joint endeavor accomplices in Emas Victoria (L) Bhd and SJR, the proprietor of the coasting, creation, stockpiling and offloading vessel, Perisai Kamelia and the seaward development vessel Enterprise 3 individually," it said.
StarBiz reported Perisai faces the reclamation of its S$125mil (RM377mil) bond which developed on Monday after noteholders voted to reject its rebuilding arrangement.
The firm had neglected to secure a waiver on the installments and different commitments amid a meeting with bondholders in Singapore on Monday, Bloomberg reported.
In a Sept 9 assent requesting note, Perisai had likewise looked for an augmentation to the bond's development date to Feb 3, 2017 from Oct 3, 2016.
As indicated by Bloomberg, more than 70% of the holders who voted amid the meeting voted against Perisai's rebuilding arrangement.
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