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Lenders take control of Polarcus vessels after the company defaults

Dubai-headquartered seismic shipowner Polarcus has halted all payment of interest and amortisation to its lenders after confirming a payment default under its working capital facility. Polarcus explained that in light of the sustained economic challenges globally, the company had been in discussions with lenders and managed to have an extension of the company’s bank facilities …

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Dubai-headquartered seismic shipowner Polarcus has halted all payment of interest and amortisation to its lenders after confirming a payment default under its working capital facility. Polarcus explained that in light of the sustained economic challenges globally, the company had been in discussions with lenders and managed to have an extension of the company’s bank facilities …

[post_title] => Lenders take control of Polarcus vessels after the company defaults [post_excerpt] => Dubai-headquartered seismic shipowner Polarcus has halted all payment of interest and amortisation to its lenders after confirming a payment default under its working capital facility. Polarcus explained that in light of the sustained economic challeng... [post_status] => publish [comment_status] => open [ping_status] => closed [post_password] => [post_name] => lenders-take-control-of-polarcus-vessels-after-the-company-defaults [to_ping] => [pinged] => [post_modified] => 2021-01-27 02:40:47 [post_modified_gmt] => 2021-01-27 02:40:47 [post_content_filtered] => [post_parent] => 0 [guid] => https://splash247.com/?p=135126 [menu_order] => 0 [post_type] => news [post_mime_type] => [comment_count] => 0 [filter] => raw )