Brief: Pacific Radiance Updates On Restructuring
26/04/2018 11:28
April 26 (Reuters) - Pacific Radiance Ltd PACI.SI :
* UPDATES ON RESTRUCTURING
* THERE IS AN IN-PRINCIPLE SUPPORT FROM MAJOR LENDERS AND
ANCHOR
INVESTORS ON BROAD TERMS OF RESTRUCTURING
* RESTRUCTURING ENTAILS DEBT FORGIVENESS & DEBT-TO-EQUITY
CONVERSION IN CONSIDERATION OF IMPAIRMENT TO BE MADE ON CO'S
ASSETS' VALUE
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Further company coverage: PACI.SI
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