April 14th, 2017 
Jason Jiang Asia, Offshore 0 comments
Singapore offshore vessel operator Marco Polo Marine has proposed a refinancing and debt restructuring exercise of all its current secured and unsecured debts to strengthen its cash flow and working capital position.
The company said the move is to ensure its business sustainability under current distressed market condition for the foreseeable future.
In the meantime, the company plans to delay interest payment on notes that are due to be paid on April 18.
In view of the companys current cashflow position and proposed refinancing and debt restructuring exercise, the company does not expect to make pa…
Read the full article at: http://splash247.com/marco-polo-marine-proposes-debt-restructuring/