Rickmers is among a growing list of companies in Singapore that have been struggling to meet their debt commitments this year and have asked bondholders for leniency.
Increasingly, individual bond investors, including those in Rickmers, have been teaming up to seek better terms, making it more difficult for some of the indebted companies to pursue restructuring plans.
In November, Rickmers had said it faced the risk of going out of business given the uncertain outcome of its debt restructuring discussions. The company h…
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