Creditors to struggling Singapore container line Pacific International Lines (PIL) today approved a restructuring deal that involves a capital injection from a unit of Temasek Holdings, sparing the SS Teo-led line from being liquidated. PIL has been seeking the backing of bondholders and creditors to green light its proposed $600m bailout from Heliconia Capital Management, …
Creditors to struggling Singapore container line Pacific International Lines (PIL) today approved a restructuring deal that involves a capital injection from a unit of Temasek Holdings, sparing the SS Teo-led line from being liquidated. PIL has been seeking the backing of bondholders and creditors to green light its proposed $600m bailout from Heliconia Capital Management, …
[post_title] => Creditors back PIL restructuring in crucial vote
[post_excerpt] => Creditors to struggling Singapore container line Pacific International Lines (PIL) today approved a restructuring deal that involves a capital injection from a unit of Temasek Holdings, sparing the SS Teo-led line from being liquidated. PIL has been se...
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[post_name] => creditors-back-pil-restructuring-in-crucial-vote
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[post_modified] => 2021-02-01 08:58:35
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