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Creditors back PIL restructuring in crucial vote

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, …

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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... [post_status] => publish [comment_status] => open [ping_status] => closed [post_password] => [post_name] => creditors-back-pil-restructuring-in-crucial-vote [to_ping] => [pinged] => [post_modified] => 2021-02-01 08:58:35 [post_modified_gmt] => 2021-02-01 08:58:35 [post_content_filtered] => [post_parent] => 0 [guid] => https://splash247.com/?p=135518 [menu_order] => 0 [post_type] => news [post_mime_type] => [comment_count] => 0 [filter] => raw )