Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Courts sanction Jaya debt restructuring

Courts sanction Jaya debt restructuring

Singapore: The Singapore courts have approved a debt restructuring plan offshore vessel builder and owner Jaya Holdings. The Singapore court sanctioned the two schemes of arrangement already approved creditors. The schemes will take effect from February 25 and see the restructuring of Jaya's unsecured bank debt into five-year US dollar-denominated secured obligations with principal holiday for the first two years, and repayment of principal in quarterly unequal installments from the third year onwards. [10/02/10]

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.