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Havila Shipping cancels bondholder meetings

Havila Shipping cancels bondholder meetings
Havila Shipping has called off planned meetings with bondholders today but says it is still aiming for an agreement 31 January.

Havila been due to meet with four different sets of bondholders today to seek approval amendments to its bond programme as part of its proposed financial restructuring.

“Based on uncertainty regarding sufficient support for the proposal in one or more of the bondholders' meetings, the company has notified the trustee that it withdraws the summons for all bond Issues,” Havila said in a statement.

The company said it still aimed to reach agreement with bondholders by its original deadline of 31 January.