Anxiety continues to mount over Ezion Holdings’ chunky debt numbers, with trading in the stock still on hold amid news that the firm is planning to restructure a staggering US$1.48 billion (S$2 billion) in loans.
A report by Debtwire on Thursday said that Ezion has appointed RSM Singapore as financial adviser for a planned restructuring of its debt, according to two unnamed sources.
This debt includes six tranches of Singdollar bonds. The earliest due is a $60 million issue, due for maturity in August next year. Separately, $120 million of 3.65 per cent notes due Aug 5, 2020, are backed by a committed funding facility provided by DBS Bank. This means Ezion has the option of drawing down the DBS facility to repay bond holders, shou…
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